Binance Coin BNB

$8.27
Market Cap $ 1.081 Bn (#14)
24h Volume $ 23.408 MM
Chg. 24h: -10.16%
Algo. score 3.7/5  (#113)
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Binance Coin News

Earnings Season: Traders Shift From Cooling Crypto Market to Volatile Stocks

Cryptocurrency markets are seeing further stability this week amid Q4 earnings season. The continuing trend is now even making industry businesses adjust their focus to keep customers interest high. Crypto No Q4 Wild Card While some assets have shown more volatility than others, the picture from within the top ten cryptoassets by market cap remains decidedly flat. For several months, markets have failed to produce significant rises or falls beyond temporary swells in some altcoins. Bitcoin, which just months ago often saw intensely volatile periods, has entered a stage of newfound calm. While this calm has delighted investors who champion its use as a store of value, Bitcoin 00 even beating some fiat assets and commodities in terms of stability, some continue to search for a way to optimize the potential of their holdings. eToro, the UK-based hybrid trading platform, says the answer to the sideways performance of crypto markets comes in the form of corporate earnings season. The portion of the year when companies are set to report their financial gains, share prices can fluctuate enough based on the information supplied to make trading them at the right time a goal in itself. “Each earnings season presents a plethora of opportunities, as, since 2001, earnings reports have impacted share prices by an average of 5.34 percent,” the company explained in a press release November 13. Crypto Traders Out For ‘Alternatives’ Despite rolling out new crypto assets, including as the first venue to offer exchange Binance’s in-house token Binance Coin (BNB) 00 for fiat last month, eToro says its traders are actively “looking for investment alternatives” to the cooling crypto markets. Other actors are looking to offer a way to put passive cryptocurrency holdings ‘to work’ in different ways. In the age of a more rangebound BTC/USD 00, dedicated initiatives involving using cryptocurrency holdings as collateral to secure fiat loans are beginning to emerge for the mass market. What do you think about earnings season trading potential? Let us know in the comments below! Images courtesy of Shutterstock The post Earnings Season: Traders Shift From Cooling Crypto Market to Volatile Stocks appeared first on Bitcoinist.com.

7 hours ago

Binance Uganda lists BNB/UGX and PAX/UGX for Trading

Binance Uganda is just a few weeks old, but its founders have made it clear that its infancy is not a yardstick to measure effective growth. The crypto-fiat exchange is set to list two new tokens namely; BNB and PAX token, enabling traders to expand their horizon. This will increase the possibility of bullish trends for both altcoins, especially BNB, the family token for Binance itself. In a blogpost on the BinanceUG website, the announcement read thus ; “Binance Uganda will open trading for BNB/UGX and PAX/UGX trading pairs at 2018/11/15 10:00 AM (EAT). Users can now start depositing BNB and PAX in preparation for trading” - Binance Uganda. Transaction methods have also been displayed ahead of these listings. The minimum withdrawal for Binance coin will be 0.5 BNB with a transaction fee of 0.1 BNB, while the transaction fee for 1 Paxos standard token (PAX) goes for 1.3 Pax. Prior to these listings, BinanceUG was limited to BTC/UGX and ETH/UGX trading pairs upon its inception, which was well received by Ugandan traders. With over 70% of Ugandan citizens unbanked, Binance Uganda has successfully registered over 40,000 users in just weeks of its arrival. BNB, the world’s 14th largest cryptocurrency according to data from coinmarketcap, with a trading price of $9.18 is also facing the bearish market crisis. The new listings are expected to boost trading volume, but this is yet to occur as market losses are slowly piling up. Bnb opened at $9.37 as of yesterday and hit a not-so-impressive daily high of $9.47 after which it fell to $9.19 and closed at $9.25. The token had initially broken the $9 resistance level in early October to sit at $10.44, nearly hitting another milestone until October 18th when the bearish market kicked in. With a trading volume of $12.12 million, USDT traders have continued to boost trading volume despite losses of 1.57% today. The post Binance Uganda lists BNB/UGX and PAX/UGX for Trading appeared first on ZyCrypto.

11 hours ago

Binance Native Tokens are Now Used for Hotel Bookings at Xceltrip

Announced on Twitter today, the native token of Binance, BNB will be used for hotel booking. It says that Xceltrip has 500,00 hotels that accept BNB tokens. The tweet goes as follows; #Announcements: @xceltrip now accepts @binance (BNB) for hotel bookings at https://t.co/tOTiFxumEc. We have over 500,000 hotels where you can spend with @binance Coin. @BinanceLabs @BinanceResearch @cz_binance @BinanceAcademy @BinanceUpdates @BinanceUG @BinanceHelpdesk pic.twitter.com/KZ2turTZFy — Hob Khadka (@tweethobkhadka) November 14, 2018 Following the Tweet, Binance CEO appreciates the adoption, stating XcelTrip is a new travel booking platform, enabling air travel, hotels, and vehicle rental services. However, the platform is also employing a cryptocurrency ecosystem wherein it claims itself as the “World class Decentralized Travel Ecosystem. Consequently, in late July 2018, the firm announced to accept seven different cryptocurrencies which were including Bitcoin, Ethereum, Dash, NEM, SteemSteamSteam, Ripple, and Litecoin. With the early adoption of cryptocurrency across the tourism sector, XceTrip is more likely to disrupt the travel industry. Based out in Singapore, the platform helps people book hotels using its platform. However, the firm has its own token called (XcelToken - XCEL) which has built on Ethereum ERC 20 platform. XcelTrip is not alone in a race to accept cryptocurrency as a payment, rather there are international travel platforms that hit cryptocurrency mainstream. Few of those platforms are Travelbybit, AirTreks, airBaltic, ABitSky, CheapAir, Destinia, SurfAir and more. However, there is no clarity regarding 500,000 hotels accepting BNB tokens on its official website. So what’s your take on BNB acceptance as a payment by new travel platform ExcelTrip? Let us know in comment below The post Binance Native Tokens are Now Used for Hotel Bookings at Xceltrip appeared first on Coingape.

11 hours ago

Binance Token (BNB) can be used for Hotel Bookings at XcelTrip

Today ExcelTrip, a decentralized travel ecosystem, announced that Binance Token (BNB) can be used for hotel bookings. ExcelTrip also pointed out that now more than 500,000 hotels accept BNB token. Since July 2018, ExcelTrip has accepted Bitcoin, Ethereum, Dash, NEM, Ripple, and Litecoin. The Singapore-based company also has an ERC-20 token called XcelToken (XCEL) and customers can also use the token to book hotels, airline tickets, and rental cars. (RS)

11 hours ago

Binance Uganda to Add Support for BNB and PAX

Binance Uganda recently announced that as of November 15th, the exchange will be adding support for the Binance Coin (BNB) and the Paxos Standard Token (PAX), both of which will be paired with the Ugandan Shilling (UGX). Trading on the platform went live a couple of weeks ago and the exchange has already signed up more than 40,000 users interested in obtaining cryptocurrencies. This is also a significant milestone for Binance as Binance Uganda has become its first fiat-to-crypto exchange, allowing users to now trade their local fiat for BTC, ETH, BNB, and PAX. (JF)

a day ago

Binance CEO CZ Prefers Volatility Over a Stable and Boring Bitcoin Price

Changpeng "CZ" Zhao, who is at the helm of leading crypto exchange Binance, would rather see wild Bitcoin price swings than the alternative, saying on Twitter that “stable is boring.” He finds the recent stability in the BTC price “surprising” and unpredicted.” Meanwhile, a social media follower asked him about BNB versus BCH in terms of user adoption to which he responded: “Different coins, different use cases. Not a whole lot of point in comparing apples and oranges. But it is key to focus on adoption. We are always at it.” The BNB coin is currently trading down 1% to $9.27. Meanwhile, BTC is down fractionally at $6,364. (GT)

a day ago

Crypto Users Have Option to Purchase an Airplane Using the Binance Coin (BNB)

Aeron, a start-up in the sale of planes, has announced that they would accept Aeron tokens (ARN) and BNB for payment. This announcement comes shortly after Remixpoint and Hinomaru Limousine decided to work together for payment solutions in the BCH, BTC, and ETH in the transportation sector. Besides, the owner of the aircraft is not the only one to accept BNB payments as numerous outlets have plans to support BNB Coins as a payment method, such as Crypto.com. At the time of writing, BNB is trading at $9.36, down 1.28% in the past 24 hours. (RL)

2 days ago

Tron Partners With Binance to Support Flood Victims in Japan

Binance recently took a bold step to provide some financial support to victims of flood disaster in West Japan. But the cryptocurrency exchange did not go all alone in this act of charity, they were supported by one of the most bullish and controversial digital company, Tron. Binance is one of the fastest growing crypto exchange platforms, trading digital currencies. When it started, it initially began operations in China but now has its headquarters in the crypto-friendly island of Malta, in the European Union (EU). Sometimes, this year, Binance initiated a Blockchain Charity Foundation (BCF), which was launched at UNCTAD World Investment Forum. This blockchain-based donation platform was established to introduce transparency to some charity organizations. It would be used to promote the UN Sustainable Development Goals (SDGs). According to a report by Forbes, the United Nation Industrial Development Organization Goodwill Ambassador for Industrialization in Africa and Head of Blockchain Charity Foundation, Helen Hai, stated the reasons for the establishment of BCF. She said; ”Donations through the BCF platform will ensure full transparency, accountability and direct reach to end recipients. BCF will leverage blockchain technology to help fill the UN Sustainable Development Goals funding gap and directly empower over one billion people living in poverty. We believe poverty is not a destiny.’ Still, in this spirit of charity, Binance moved in to rescue the devastated victims of flood in Japan. From late June, till the middle of July this year, there were continuous rains in Southwest Japan, causing a heavy flood. About 8 million people were evacuated across 23 prefectures, 20, 255 were reported dead in 15 prefectures, and 13 were missing without clues. This flood-disaster was confirmed to be the worst that had ever happen in Japan, leaving about 17,000 houses destroyed. Another such flood-disaster, Nagasaki flood happened in 1982, with about 299 people dead, but it was nothing compared to what happened this year. Binance donated $100,000, 000, opened an account for more donations and started a campaign on Twitter to raise more funds; “Our hearts go out to the victims in West Japan. @binance will begin with a $1,000,000 USD equivalent donation in either BNB, BTC, or JPY. We also ask our crypto partners to join us and help our friends in need.” Through this campaign, the exchange was able to raise, $4100,000 USD and digital currency donation in about 7 days. Various types of ERC20 tokens were donated bringing the sum of donation to $1,410,000. By the middle of October, the exchange was able to raise up to 56, 700, 000 JPY which is equivalent to 63.03 BTC or 169.85 ETH. They were able to provide relief to about 41,200 victims across 3 prefectures. Specifically, Ehime, Hiroshima, and Okayama are the prefectures that were able to receive support. Tron foundation is one of the organizations that backed up Binance in its crusade to save the Japan flood victims. The foundation had been a strong supporter of charity via blockchain, during the launch of BCF, it donated the sum of $3 million. Tron CEO, Justin Sun, in his speech during BCF launch said that he and his company were in support of Binance for taking the initiative to promote transparency in charity via blockchain. ”All of us here have made the decision to be leaders in shaping blockchain technology for social good. Binance Charity Foundation is taking substantial steps in that direction by increasing the transparency of donations so we can see where the goodwill of the donors is going and what impact it has.” He went further to emphasize the importance of the blockchain technology in restoring efficiency in organizations. He stated that availability of the right infrastructure to charity organizations and sustainable development goals would bring in more people. Further, in his speech, Mr. Sun discussed the importance of blockchain to everyone and declared his commitment to partner with Binance to make the technology accessible. Binance approached some organizations in Japan to support in providing help to the flood victims. Some of the organizations reached for assistance are; Momotarou Fund This fund was established by Okayama Share Foundation with the aim of providing needs of victims in Okayama by subsidizing local community, NPOs, and other organizations. It supports victims of natural disasters, medical issues by providing sustenance. Open Japan It was established by victims and supporters for Tohoku earthquake, 2011 in Japan. They provide environmental support to victims of the flood by cleaning up dirt, they also provided clothing and shoes to the victims. Bic Camera Bic Camera is one of the biggest retailers of electronic appliances in Japan. They provided the victims with electronics appliances. Binance partners with this organization to support flood victims with appliances. Peace Winds Japan Peace wind provides emergency humanitarian relief

3 days ago

Evident Proof Blockchain Platform Accepts Dash and Ripple’s XRP to Broaden its User Base

Evident Proof; a decentralized, unhackable, and immutable blockchain protocol developed by former Microsoft employees has announced that it will start to accept Dash and XRP as their adoption in the crypto sphere continues to grow. The blockchain protocol also accepts BTC, ETH, Bitcoin Cash, Litecoin, Monero, and BNB tokens which were chosen because they are popular within the developer community. The digital assets can be exchanged for the platform’s native tokens (EPT) and can be used as a form of payment for platform fees. Evident Proof Eyes Growth Adrian Clarke, the founder, and chief executive of Evident Proof spoke highly of the adoption of the two digital assets. Clarke said: “The speed in transaction times together with the relative price stability has influenced our decision to accept these new coins. As business adoption of these two cryptocurrencies soar, there is a synergy in accepting them within our platform as opening up EPT to these new tokens increases accessibility and helps to broaden the potential business user base of the Evident Proof platform.” Dash is known for its speed and anonymity. The digital asset has been widely adopted in Venezuela since the country’s native currency collapsed due to hyperinflation. With a market cap of more than $1.3 billion, Dash is the 13th largest cryptocurrency by market capitalization. Its price is currently trading at $167.08, up by 3.86 percent today. Ripple’s XRP is the third largest digital asset by market cap and is trading at $0.50, up by 1.03 percent in the last 24 hours, according to data provided by CoinMarketCap. In recent times, Evident Proof has had a good run of good news. The firm scored 100 percent after its smart contracts were audited by the well-known Hosho. The company also got a seal of approval by CMS, the second largest law firm in the UK. According to the seal, data verified by the firm is admissible in courts in several jurisdictions including the UK, U.S. Europe, Hong Kong, and China. Evident Proof Blockchain Platform Accepts Dash and Ripple’s XRP to Broaden its User Base was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

3 days ago

How to Buy Cardano (ADA) In Europe - A Case Study About The Best Places to Buy Cardano in EU

Due to our past post about Cardano Price Predictions, we have a few people messaging us and asking us to help them buy Cardano in Europe. We understand that this might be the main concern of many interested buyers. There are a lot of people that aren’t buying Cardano from a safe exchange and they get scammed by people that steal all of their funds or get a much lower quantity of ADA than they should. The main purpose of this article is to educate the beginners and help them choose a respectable exchange to buy ADA. Ways to buy Cardano (ADA) in Europe There are many ways from which you can buy Cardano in Europe. We will create a list with all the best options here and analyze the potential outcome of every scenario. Case #1 - Buying Cardano (ADA) from a friend - This is a great way for a beginner to get started. To get help from a more experienced friend. But, not all of us have that friend and also if you always count on others you won’t be able to do it alone. We don’t recommend this method for beginners as its important to learn the best practices by applying those - not to count on someone else to do it for you. Case #2 - Buying Cardano (ADA) from a Cryptocurrency Exchange - This is actually a great way to get started. Buying Cardano from a cryptocurrency exchange will teach you the basics. You will learn how to create an account on a cryptocurrency exchange, how to fill out a KYC and how to create a market order to purchase ADA. We will talk more about this soon. Case #3 - Buying Cardano (ADA) from a Cryptocurrency buying website - Not the best way to start with ADA. These types of websites purchase ADA from exchanges and sell it to you. They’re basically brokers that are gaining a fee that you pay. We will talk more about the disadvantages of purchasing ADA from a service soon. Case #4 - Buying a cryptocurrency and exchanging it for Cardano (ADA)/ Already having a cryptocurrency and exchanging it for Cardano - Again, this is not a perfect scenario as you will lose a certain % of your investment from the exchange fees. Though, we need to keep this into consideration and analyze this too. If you however have a cryptocurrency and want to exchange it for Cardano - we’ll show you how soon. Buying Cardano(ADA) from a cryptocurrency exchange or a cryptocurrency buying website - What you should know & which cryptocurrency exchange you should use Firstly, every cryptocurrency exchange have a certain fee. Some of them have low ones that are under 1% and some of them pass the 2%. Its important to know this as you may ask why your portfolio lost 1% just after you bought the tokens even if the price stayed the same. And this is the answer. There are some exchanges that also have withdrawal fees - in case you want to keep your ADA in a more secure place such as a Trezor Wallet - which recently accepts Cardano (ADA) on its T Model. There are two well-known places in Europe that you can purchase ADA from: Coinmama Coinmama is one of the service website that lets you purchase cryptocurrency from it. It is not a cryptocurrency exchange, as you cannot sell cryptocurrencies using it - only buy. Formed in 2013 and active until 2018 - Coinmama operated in 188 countries worldwide and is also available in 24 US States. Coinmama offer investors a simple way to purchase: Bitcoin, Ethereum, Litecoin, Cardano, QTUM, Ethereum Classic, Bitcoin Cash and Ripple. To be able to purchase from Coinmama, you also need to verify your account by submitting a passport, national ID card or driver’s license card to its platform. This process usually takes less than one hour, in some times even less than 15 minutes - depending on how fast can you complete the steps. Coinmama Fees But Coinmama also have a big issue from an investor’s point of view - The Coinmama fees. The fees are way too high. To purchase from Coinmama with a credit card, you will be charged with a 5.00% processing fee. Also, they have a trading fee for 5.9%. This means that if you want to purchase 1,000 Euro worth of Cardano (ADA) from Coinmama, you will need a total of 1,105 Euro, plus another fee from your bank to exchange your currency to Euro- if you don’t already have it. This means that only by purchasing Cardano (ADA) from Coinmama, you will already be at a ~11% loss. If you will purchase exactly 1,000 Euroworth of Cardano (ADA) - you will receive 14,194.31 ADA which at the current market price have a value of 946.76 Euro. And here the processing fee its ignored. If we add that, we reach a 890 Euro value of ADA. The good part of it is that they don’t have a withdrawal fee - as Coinmama will send you the Cardano (ADA) directly to your wallet address. So, should you buy from Coinmama? We don’t believe so. There could be some places where you could get a better value and not lose ~11% of your hard earned money. Kraken Cryptocurrency Exchange Kraken Cryptocurrency Exchange is one of the most-known and oldest bitcoin exchange. As the time passed, Kraken added variou

5 days ago

Agora é possível comprar um Avião com criptomoedas

Por: Livecoins É correto dizer que o mercado de criptomoedas é especulativo, várias pessoas compram ativos digitais na esperança de uma valorização futura. Uma das motivações para acreditar nessa valorização é a adoção a longo prazo. Isso é, quanto mais as pessoas e empresas aceitarem as criptomoedas como meio de pagamento, mais elas terão valor. Conforme o Livecoins relatou, um estudo recente revelou que o dinheiro total atual no mercado de criptomoedas representa “míseros” 0,013% do total de dinheiro e ativos do mundo. O mesmo estudo revelou que se este número subisse para 1%, teríamos algo em torno de US $ 8 trilhões no mercado de criptomoedas. Muito dinheiro para um percentual pequeno. Muitos especialistas acreditam que a criptoeconomia vai continuar a crescer, as criptomoedas vão continuar a serem adotadas de forma massiva nos próximos anos, tanto por comerciantes, quanto por grandes instituições. Já existem mais de 5.000 criptomoedas criadas, e uma média de 20 novas são anunciadas todos os dias. Quando falamos em adoção, podemos entender que todo comercio, pessoa ou empresa que passe a aceitar criptomoeda como forma de pagamento faz parte da revolução. Já é possível comprar muitas coisas com criptomoedas, desde roupas até carros. Agora é possível comprar um avião! Na última quinta-feira (9), a Startup Aeron anunciou que estava vendendo uma avião através da Pilot Shop. A aeronave (Modelo Columbia 350 de 2007) pode ser comprada com Tokens Aeron (ARN) ou Binance Coin (BNB). Para comprar, o interessado deverá desembolsar 31.603 BNBs, algo em torno de R$1.132.144 na cotação da Binance Coin Hoje. #useBNB to buy airplanes. https://t.co/SPve0D8b4h — CZ Binance (@cz_binance) November 9, 2018 O proprietário não identificado do Avião não está sozinho na decisão de aceitar BNB como pagamento, já que vários estabelecimentos estão apoiando o ativo digital nativo da Binance como um modo viável de pagamento. A Hublot, uma marca de relógios suíços de renome mundial, também revelou suporte para pagamentos com criptomoedas, lançando o exclusivo relógio “BIG BANG P2P”, um relógio inspirado no Bitcoin, criado para comemorar o décimo aniversário da criptomoeda. A Remixpoint também divulgou um plano para integrar pagamentos com Bitcoin, Bcash e Ethereum em seus serviços de transporte. E ainda, segundo a Bloomberg, a Hinomaru vai aceitar pagamentos cripto para viagens de limusine entre os 23 distritos de Tóquio, Haneda e Narita, e dois dos aeroportos mais populares da região. Entusiastas de criptomoedas podem então comprar relógios artesanais, passeios de limusine e um avião para quatro pessoas através do ecossistema de ativos digitais descentralizado. E não se esqueça da mansão de Roy Niederhoffer em Nova York, que o gestor de fundos de hedge anunciou recentemente por um valor de US $ 15,9 milhões, ou o equivalente em Bitcoin. O CEO da Binance, CZ, veio ao Twitter para anunciar: “#UseBNB para comprar aviões”. A Binance tem mostrado esforços para tornar a BNB mais que um token para pagamento de taxas na plataforma. Outras plataformas que aceitam ou utilizam a BNB incluem PundiX, Rede Kyber, Coinbates, Nexo e, é claro, a própria Binance. A Binance publicou uma imagem (abaixo) mostrando “casos de uso para a BNB que estão surgindo a cada dia”. O artigo Agora é possível comprar um Avião com criptomoedas apareceu primeiro em Livecoins.

5 days ago

An Airplane on sell for BNB: Will The Binance Token become a mainstream crypto way of payment?

TL;DR Aeron is offering to sell an aircraft in exchange for crypto. The plane is for sell for 268,000 Euros, or 31,603 BNB or 446,666 ARN coins. This is a significant new development for BNB, as well as crypto in general, and it might represent a major step on the road of mass adoption of BNB. For the first time ever, an aircraft is up for sale in the Pilot Shop powered by Aeron. Pay in $ARN or $BNB, or other crypto, own a private aircraft! https://t.co/15thkGJyDg #arn #btc #eth #cryptocurrency #binance #crypto #bitcoin pic.twitter.com/A9Ll5WkxPH — Aeron (@aeron_aero) November 8, 2018 It appears that crypto has come a long way in recent years. The industry’s supporters and community members have been pushing hard to secure wider adoption, and those efforts have already felt. While cryptos are still far from becoming a mainstream form of payment, a lot of online shops are already accepting them. One such shop is a venture named Pilot Shop, belonging to a startup called Aeron, which offers items related to aviation. Among other products, the shop recently offered an airplane, more specifically — 2007 Columbia 350 SL. The model can be purchased for €268,000, which is currently equal to 31,603.77 BNB, or 446,666.67 ARN. Right now, the plane is being kept in Austria, and it has had 604 flight hours during its lifetime. BNB to become a mainstream crypto payment as BTC and ETH? The owner of the aircraft is probably unknown, but their decision to accept crypto as a form of payment is fascinating to a lot of people. Furthermore, the decision to receive BNB payments was welcomed by a lot of outlets, which have announced that they might do the same. This might lead to an entirely new use case for BNB, which was only ever supposed to be used within Binance itself. However, this development seems to indicate that the coin is evolving into crypto that may end up being used for different types of payments. CZ, CEO of Binance, personally announced the move, and many have remembered that he also promised to “personally shill any project that starts using BNB.” Cryptocurrency supporters will be pleased to learn that adding support for digital currency payments seems to be a new trend in some parts of the world. Usually, the go-to coins are Bitcoin, Ethereum, and Bitcoin Cash. One little example of this is a Hinomaru Limousine, a Tokyo-based firm that plans to accept BTC, ETH, and BCH for transportation services. Similar news came from Switzerland, where a watchmaker Hublot also announced limited support for crypto payments. Getting cryptocurrencies to mass adoption and mainstream usage is not a simple process, mainly due to numerous issues such as high volatility and the lack of regulations. However, small developments like these represent essential steps that will eventually allow mass adoption to happen. The post An Airplane on sell for BNB: Will The Binance Token become a mainstream crypto way of payment? appeared first on CryptoPotato.

6 days ago

It is Now Possible To Buy An Aircraft With Crypto

Blockchain startup Aeron has announced that crypto investors can for the first time, buy an aircraft with cryptocurrencies. Aeron will accept its own token, Aeron (ARN) and Binance Coin (BNB). The plane listed is a well-kept Columbia 350 from 2007, for 268,000 Euros (approx. 31,603 BNB or 446,666 ARN). Binance CEO Changpeng Zhao (CZ) also praised the project for supporting BNB. Aeron (ARN) has a market cap of $8.8 million and is priced at $0.67612, losing 2.21% in the last 24 hours. (VS)

6 days ago

Crypto Investors Can Now Buy Aircraft With Binance Coin (BNB)

Although many pundits disagree on the short-term prospects for digital assets, the push for adoption is a bandwagon that crypto investors, insiders, and leaders alike can easily hop onto. Hence why many were over the moon, so to speak, when Changpeng Zhao revealed that Binance Coin (BNB), an ERC20 token on Ethereum, could be used to purchase an aircraft. Binance CEO: “#UseBNB To Buy Airplanes” On Thursday, Aeron, a startup with aspirations of “saving people’s lives” through blockchain technologies, revealed that one of its ventures, Pilot Shop, had listed an aircraft for sale. Interestingly, while the plane, a well-kept Columbia 350 from 2007, was listed for 268,000 Euros, Pilot Shop revealed that it would accept Aeron tokens (ARN) and Binance Coin (BNB) in exchange for the hunk of metal. At the time of press, prospective buyers will need to fork over ~31,603 BNB or 446,666 ARN tokens to purchase the aircraft, which is currently based in Austria. Zhao, who once explained that he would “personally shill projects that integrate BNB into their ecosystem,” took to Twitter to relay the crypto-friendly development, issuing a short, but sweet message highlighting this interesting and unexpected case of adoption. #useBNB to buy airplanes. https://t.co/SPve0D8b4h — CZ Binance (@cz_binance) November 9, 2018 The announcement comes just days after Tokyo-based Hinomaru Limousine, in collaboration with Remixpoint, reportedly released a plan to integrate Bitcoin, Bitcoin Cash, and Ethereum payments into its transportation services. Per Bloomberg’s insider sources, Hinomaru will likely be enabling crypto payments for limousine rides between Tokyo’s 23 wards and either Haneda or Narita, two of the region’s most popular airports. Hublot, a world-renowned Swiss watchmaking brand, also unveiled limited support for crypto payments, releasing the exclusive “BIG BANG P2P” watch, a Bitcoin-inspired timepiece created to celebrate the cryptocurrency’s 10th anniversary. Related Reading: Bitcoin Turns Ten: Today And What’s Next? So now, affluent crypto enthusiasts will be able to purchase artisanal timepieces, limousine rides, and a four-person aircraft through the decentralized digital asset ecosystem. And don’t forget Roy Niederhoffer’s New York mansion, which the hedge fund manager recently listed on the open market for a jaw-dropping $15.9 million, or the equivalent in BTC. Binance Coin Gains Traction In Payments It is important to note that the aircraft’s unnamed owner isn’t alone in his or her’s move to accept BNB, as a quickly swelling number of outlets have unveiled that they will be supporting Binance’s native digital asset as a viable mode of payment and utility. Crypto.com, for example, recently shipped the first batch of its Monaco Visa cards to consumers in Singapore. The program, which was anticipated by over 100,000 crypto investors, allows users to purchase real-world items for Bitcoin, Ethereum, Litecoin, Monaco, and Binance Coin. Monaco, which also offers cashback rewards in crypto, travel benefits, free ATM withdrawals, and tap-to-pay functionality, somehow comes in at a staggering $0, which is likely a price point that has consumers clamoring. And ultimately, a price point that will only bolster the adoption of crypto assets and blockchain technologies. Other prominent platforms that accept or utilize BNB include PundiX, Kyber Network, Coinbates, Nexo, and, of course, Binance itself. Binance, releasing a message of excitement to accompany this adoption-accentuating list (seen above), noted that “new use cases for BNB are popping up every day.” This, interestingly, underscores the theme of this nascent industry’s continual steps towards maturation, even in spite of the crypto market’s dismal performance in 2018. Featured Image From Shutterstock The post Crypto Investors Can Now Buy Aircraft With Binance Coin (BNB) appeared first on NewsBTC.

6 days ago

How to Buy Cardano (ADA) From Europe - A Case Study About The Best Places to Buy Cardano in EU

Due to our past post about Cardano Price Predictions, we have a few people messaging us and asking us to help them buy Cardano in Europe. We understand that this might be the main concern of many interested buyers. There are a lot of people that aren’t buying Cardano from a safe exchange and they get scammed by people that steal all of their funds or get a much lower quantity of ADA than they should. The main purpose of this article is to educate the beginners and help them choose a respectable exchange to buy ADA. Ways to buy Cardano (ADA) in Europe There are many ways from which you can buy Cardano in Europe. We will create a list with all the best options here and analyze the potential outcome of every scenario. Case #1 - Buying Cardano (ADA) from a friend - This is a great way for a beginner to get started. To get help from a more experienced friend. But, not all of us have that friend and also if you always count on others you won’t be able to do it alone. We don’t recommend this method for beginners as its important to learn the best practices by applying those - not to count on someone else to do it for you. Case #2 - Buying Cardano (ADA) from a Cryptocurrency Exchange - This is actually a great way to get started. Buying Cardano from a cryptocurrency exchange will teach you the basics. You will learn how to create an account on a cryptocurrency exchange, how to fill out a KYC and how to create a market order to purchase ADA. We will talk more about this soon. Case #3 - Buying Cardano (ADA) from a Cryptocurrency buying website - Not the best way to start with ADA. These types of websites purchase ADA from exchanges and sell it to you. They’re basically brokers that are gaining a fee that you pay. We will talk more about the disadvantages of purchasing ADA from a service soon. Case #4 - Buying a cryptocurrency and exchanging it for Cardano (ADA)/ Already having a cryptocurrency and exchanging it for Cardano - Again, this is not a perfect scenario as you will lose a certain % of your investment from the exchange fees. Though, we need to keep this into consideration and analyze this too. If you however have a cryptocurrency and want to exchange it for Cardano - we’ll show you how soon. Buying Cardano(ADA) from a cryptocurrency exchange or a cryptocurrency buying website - What you should know & which cryptocurrency exchange you should use Firstly, every cryptocurrency exchange have a certain fee. Some of them have low ones that are under 1% and some of them pass the 2%. Its important to know this as you may ask why your portfolio lost 1% just after you bought the tokens even if the price stayed the same. And this is the answer. There are some exchanges that also have withdrawal fees - in case you want to keep your ADA in a more secure place such as a Trezor Wallet - which recently accepts Cardano (ADA) on its T Model. There are two well-known places in Europe that you can purchase ADA from: Coinmama Coinmama is one of the service website that lets you purchase cryptocurrency from it. It is not a cryptocurrency exchange, as you cannot sell cryptocurrencies using it - only buy. Formed in 2013 and active until 2018 - Coinmama operated in 188 countries worldwide and is also available in 24 US States. Coinmama offer investors a simple way to purchase: Bitcoin, Ethereum, Litecoin, Cardano, QTUM, Ethereum Classic, Bitcoin Cash and Ripple. To be able to purchase from Coinmama, you also need to verify your account by submitting a passport, national ID card or driver’s license card to its platform. This process usually takes less than one hour, in some times even less than 15 minutes - depending on how fast can you complete the steps. Coinmama Fees But Coinmama also have a big issue from an investor’s point of view - The Coinmama fees. The fees are way too high. To purchase from Coinmama with a credit card, you will be charged with a 5.00% processing fee. Also, they have a trading fee for 5.9%. This means that if you want to purchase 1,000 Euro worth of Cardano (ADA) from Coinmama, you will need a total of 1,105 Euro, plus another fee from your bank to exchange your currency to Euro- if you don’t already have it. This means that only by purchasing Cardano (ADA) from Coinmama, you will already be at a ~11% loss. If you will purchase exactly 1,000 Euroworth of Cardano (ADA) - you will receive 14,194.31 ADA which at the current market price have a value of 946.76 Euro. And here the processing fee its ignored. If we add that, we reach a 890 Euro value of ADA. The good part of it is that they don’t have a withdrawal fee - as Coinmama will send you the Cardano (ADA) directly to your wallet address. So, should you buy from Coinmama? We don’t believe so. There could be some places where you could get a better value and not lose ~11% of your hard earned money. Kraken Cryptocurrency Exchange Kraken Cryptocurrency Exchange is one of the most-known and oldest bitcoin exchange. As the time passed, Kraken added variou

6 days ago

Trading Platform ‘eToro’ Launches New Cryptocurrency Wallet

The global social trading platform, eToro, recently launched its digital currency wallet which would initially support four virtual coins The New eToro Cryptocurrency Wallet According to Finextra, global social trading platform, eToro, launched its cryptocurrency wallet on Tuesday (Nov. 6th). The new wallet would currently support four virtual currencies, which include Bitcoin (BTC), and altcoins such as Ethereum (ETH), BitcoinCash (BCH), and Litecoin (LTC). The eToro wallet is a mobile app accessible on iOS and Google Play. One of its features includes multi-signature security that ensures the safety of users’ private keys. The wallet also comes with a user-friendly interface. Commenting on the launch of the eToro wallet, the company’s CEO, Yoni Assia, said that the company is a firm believer in the nascent technology that could significantly influence the financial sector. Assia also said that decentralized technology has excellent prospects to transform the current finance sector. Furthermore, the CEO said: We believe that in the future all assets will be tokenized and that crypto is just the first step on this journey. Just as eToro has opened up traditional markets for investors, we want to do the same in a tokenized world. The eToro wallet is a key part of this. CEO Assia further said that in addition to the launch of the eToro wallet, there would be more functionality. These functionalities include the support of more virtual currencies and fiat tokens, cryptocurrency to cryptocurrency conversion, among others. The company also stated that it would list more virtual currencies in addition to the available four at a later date. The global trading platform also announced that its digital currency wallet would launch its eToro wallet phase by phase. Furthermore, the transfer of digital currency from eToro to the new wallet would be for Platinum members who use BTC. Over time, this service would extend to more customers and more digital coins. eToro and the Cryptocurrency Industry When it comes to virtual currency and blockchain technology, eToro has a friendly approach. The trading platform has a positive outlook towards virtual currency despite it’s the industry’s volatile nature. The platform announced that it reduced its fees for digital currency traders to encourage investment for its traders. Also, the company added Cardano (ADA) to the list of supported digital currencies. The addition of the cryptocurrency brought the number of listed currencies to eleven at the time. Furthermore, in October of 2018, the company became the first platform to list the Binance coin (BNB) on eToro. The addition of Binance coin brought the total number of cryptocurrency assets listed by eToro to thirteen. Image courtesy of Shutterstock and eToro. The post Trading Platform ‘eToro’ Launches New Cryptocurrency Wallet appeared first on Ethereum World News.

7 days ago

eToro Reveals Custom Crypto Wallet for BTC, BCH, LTC and ETH

Today eToro announced the release of its own custom cryptocurrency wallet. Last month the exchange also became the first platform to offer fiat trading for Binance Coin (BNB). The U.K. based cryptocurrency platform also announced that they intend to add a “whole host of additional functionality, including supporting additional crypto and fiat tokens, crypto to crypto conversion, [and] the ability to deposit fiat.” Currently, the wallet supports Bitcoin, Bitcoin Cash, Ethereum and Litecoin and the eToro platform supports fourteen cryptocurrencies. (RS)

8 days ago

New use cases for $BNB are popping up every day! Show how yo...

New use cases for $BNB are popping up every day! Show how you can #useBNB – and get creative! 20 BNB will go to ea… https://t.co/5uugFiNI85

10 days ago

Atomic Wallet, Which Counts Charlie Shrem Among Its Advisors, Bolsters Its Bounty Campaign

Atomic Wallet, which is a “multi-currency wallet with decentralized Atomic Swap Exchange,” has extended its bounty campaign and increased the budget. The team increased the budget to 3 million AWC tokens, which are worth approximately $900,000. The bounty campaign will run through Nov. 4. Users should sign up for Atomic Wallet’s Telegram channel to qualify. AWC is the native token of the Atomic Wallet, which the project compares to Binance’s BNB coin. Blockchain pioneer Charlie Shrem is among the advisors to the Atomic Wallet project. (GT)

12 days ago

BitMEX CEO: Crypto Bear Market May Continue Into 2019, But We’re Prepared

Arthur Hayes On Bitcoin (BTC) And Crypto: Volumes Could Fall Further, Volatility May Remain In an unexpected turn of events, one of the cryptocurrency industry’s foremost advocates, Arthur Hayes of Hong Kong-based, Seychelles-registered BitMEX, has claimed that Bitcoin may not be poised to undergo a reversal... or at least not yet anyway. Speaking with Yahoo Finance U.K. at a The Spectator-sponsored event, Hayes brought attention to his views on the crypto market’s current state of affairs, surprisingly seeming more pessimistic than optimistic. The BitMEX CEO, who formerly worked as a trader at Deutsche Bank and Citi, explained that the current levels of volatility in cryptocurrency markets, which have been underwhelming (to say the least), could continue for “another 12 to 18 months.” Hayes went on to add that his prediction for the continued “flatness” of the cryptocurrency market can be chalked up to his five years of experience trading Bitcoin (BTC), which began after he got laid off from Citibank, one of the world’s foremost financial institutions. He elaborated, touching on his multi-year experience by stating: I’m just basing it off my previous experience. I started in bitcoin in 2013 when the price went from $250 to $1,300 and then 2014 to 2015 was sort of the nuclear bear market. Price crashed, volume crashed — very, very difficult to make money. Alluding to the fact that BTC could fall further, Hayes added that “we (BitMEX)” believe that trading volumes could fall further from “where they are now.” Considering that Hayes’ business, BitMEX, is only as profitable as the number of trades put through the popular mercantile exchange, many have come to believe his most recent comment. This call comes just months after Hayes issued and then doubled-down on an off-the-cuff forecast for BTC, in which he stated that the leading crypto asset could surpass $50,000 by the time that January 1st, 2019 strikes. At the time, Hayes, who was speaking to CNBC Fast Money and its panel of traders, noted that “we are one positive regulatory decision away” from reapproaching Bitcoin’s all-time high and likely surpassing it. However, as alluded to earlier with his comments to Yahoo Finance, his prediction has likely since been retracted. Still, while BitMEX’s CEO essentially did a U-turn, turning to the ‘dark side’, so to speak, a multitude of his industry leader peers have expressed a much more positive outlook. Speaking with Yahoo Finance U.K., Will Warren, the co-founder of 0x, referenced his history in this industry, but unlike BitMEX’s chief executive, claimed that this market is undergoing a consolidation phase and could move higher in due time. Warren added that he believes that the long-term trend for this industry will be “greater [worldwide] adoption of bitcoin and similar technologies.” Mati Greenspan of eToro, which recently listed BInance Coin (BNB), echoed this sentiment, telling Yahoo that increasing awareness and education level in crypto markets may catalyze a rapid bull run, but didn’t give the media outlet any specifics about an exact timeline. Regardless of the short-term future for crypto assets, BTC included, Hayes of BitMEX, which offers margin trading contracts for almost a dozen crypto assets, expressed that his startup is poised to “weather the low volatility.” Title Image Courtesy of Thought Catalog via Unsplash The post BitMEX CEO: Crypto Bear Market May Continue Into 2019, But We’re Prepared appeared first on Ethereum World News.

14 days ago

Exchanges Roundup: BNB on Etoro, Binance Freezes Wex Funds, Bittrex International

In cryptocurrency exchange news, Binance’s native coin has listed on Etoro, Bittrex has announced the upcoming launch of its Malta-based international exchange, and Chris Lee of Huobi has predicted that security token offerings will become a mainstream form of fundraising within five years. Also Read: Bitcoin Trader Faces Five Years in US Jail for Unlicensed Money Transmitting Business BNB Lists on Etoro in First Listing Outside of Binance Binancecoin (BNB) has been listed on Etoro, bringing the number of cryptocurrencies supported by the platform to 13. The listing comprises the first instance in which the altcoin has been listed on an exchange other than Binance. The chief executive officer and co-founder of Etoro, Yoni Assia, stated: “Despite sensational headlines about the death of crypto, we continue to believe in the potential for crypto assets, as do our clients who are increasingly looking to diversify their crypto holdings. In response, we will continue to add the leading crypto assets to our range and we are pleased to add BNB to the platform.” Binance Freezes Funds From Wex Worth $18.5 Million It has been revealed that on Oct. 25 Binance froze more than 93,000 ETH that had been transferred from the embattled Wex exchange, valued at $18.5 million. In response to a post on Twitter emphasizing the movement of funds from Wex to Binance dating back to August, Changpeng Zhao, the chief executive officer of Binance, tweeted: “The identified accounts are frozen, please report to law enforcement and have a case number. We will work with [law enforcement]. This is part of centralization we hate too, dealing with other exchange’s mess (we don’t even know the details). But we will do what we can.” Users of Wex appear to have been unable to withdraw fiat or cryptocurrencies from the exchange for more than three months, with recent reports claiming that 35 complaints have been filed against Wex with the Russian Interior Ministry. Bittrex Announces Upcoming Launch of Bittrex International Bittrex has announced that it will launch Bittrex International, formerly branded as Bittrex Malta. The exchange will seek to target users based outside of the United States, with Bittrex also promising “a streamlined token approval process” designed to facilitate the onboarding of new markets in “weeks instead of months.” The launch of the new exchange will also see a “European-based Bittrex affiliate” listing particular tokens that are available on the Bittrex International platform and not the US-regulated Bittrex exchange. If tokens are approved through Bittrex’s “standard initial review process,” prospective projects will be “directed to follow the process outlined in the Malta Virtual Financial Assets Act.” Huobi’s Chris Lee Predicts STOs Will Become Mainstream in 3-4 Years Chris Lee, the former chief executive officer of Okex and the current board secretary and vice president of global business development for Huobi, has stated his expectation that security token offerings (STOs) will become a “mainstream fundraising method” in approximately three to four years. Speaking to Huoxun Finance, Lee added: “Time will prove everything, [STOs are] indeed a big opportunity, as I believe asset-backed tokenization, which is the digital assets backed by physical assets, have the potential to drive the entire crypto industry to a higher level. There will be a place for STO in Hong Kong’s capital market one day.” What is your response to Binance’s freezing of 93,000 ETH associated with Wex exchange? Share your thoughts in the comments section below! Images courtesy of Shutterstock At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even lookup the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more. The post Exchanges Roundup: BNB on Etoro, Binance Freezes Wex Funds, Bittrex International appeared first on Bitcoin News.

14 days ago

Binance Coin [BNB] Trades Flat Amid Listing to eToro

The largest exchange by trading volume, Binance, is having their own cryptocurrency being traded on eToro for fiat. It was announced on Monday that Binance coin, BNB, would start trading on eToro’s platform. We are pleased to inform you - Binance Coin is now available on eToro. Here are a few things you should know about $BNB: Created by the world’s largest crypto exchange, Binance, BNB was launched in mid-2017. — eToro (@eToro) October 29, 2018 BNB has been trading flat despite the news. It dropped on Monday along with the rest of the market depreciating from $9.72 to close at $9.45, an almost 3% decline. It has also followed the market over the past two days following the drop trading flat on low volume. Even though BNB is mostly following the market, it is forming a descending triangle pattern which puts it into a more bearish scenario than most. A descending triangle pattern is a bearish continuation that typically results in price continuing its downtrend and ending with a sharp movement to the downside. BNB Daily Chart - Source: Tradingview.com After the most recent drop across the market, Bitcoin’s percentage of the entire cryptocurrency market cap has increased to over 54%. This means its movements have a significant impact on the altcoin market. Even though BNB is in a bearish continuation pattern, if Bitcoin started making bullish movements from here, this would likely override BNB’s bearish pattern. Bitcoin Daily Chart - Source: Tradingview.com Key Takeaway: BNB following the rest of the cryptocurrency market despite the cryptocurrency being listed to eToro’s trading platform. BNB has been forming a descending triangle since early September which is a bearish continuation pattern. Bitcoins movements are likely to have a large impact on the altcoin market, including BNB, due to its large share of the cryptocurrency market cap. DISCLAIMER: Investing or trading in digital assets, such as those featured here, is extremely speculative and carries substantial risk. This analysis should not be considered investment advice, use it for informational purposes only. Historical performance of the assets discussed is not indicative of future performance. Statements, analysis, and information on blokt and associated or linked sites do not necessarily match the opinion of blokt. This analysis should not be interpreted as advice to buy, sell or hold and should not be taken as an endorsement or recommendation of a particular asset. Binance Coin [BNB] Trades Flat Amid Listing to eToro was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

15 days ago

Binance Coin [BNB] Will Now Be Available for Fiat Trades on eToro

Global multi-asset trading platform eToro recently announced that it had added Binance Coin (BNB) to its platform. The native token of the largest crypto exchange in the world, Binance, has become the 13th cryptocurrency to be added to the platform. BNB will be available for buying and selling using fiat. The ERC20 token was launched in mid-2017 following an ICO and is currently the 14th largest crypto in the world with an over $1.2 billion in market cap. Sharing the Vision eToro, in a tweet, announced the addition of BNB to their platform. Binance quoted their tweet and wrote:: “@eToro will now offer $BNB to investors and traders to buy or sell using fiat. We are excited to be listed on eToro, whose team shares our belief in creating long-term utility and value.” The Binance Coin can be used for paying trading fees on the Binance crypto exchange or held as an investment. Binance offers attractive discounts to incentivize BNB adoption on their platform. On eToro, BNB will help users in diversifying their crypto portfolio further. It is now the 13th coin listed on the platform, joining the ranks of Bitcoin, Bitcoin Cash, Ethereum, Ripple’s XRP, Litecoin, Ethereum Classic, Dash, NEO, Stellar, EOS, IOTA and Cardano. Co-founder and CEO of eToro, Yoni Assia said that the platform believes in the potential of crypto assets despite the “sensational headlines” ringing crypto’s death bell. She said that eToro clients are also seeking to diversify their portfolio because of which BNB has been added to the platform. Isn’t BNB a Utility Token? In the beginning, BNB was primarily used as a utility token which helped in facilitating transactions on the Binance exchange. The token is often referred to as the reason that Binance became the world’s largest crypto exchange before even its second anniversary. Now BNB’s status as a utility token and its use cases are increasing as Binance continues to grow. For eToro, it wouldn’t be a big deal if BNB is a utility token. Assia puts it perfectly, saying: “As a regulated securities broker we have the ability to offer both utility and security tokens on our platform. We support the movement of assets onto the blockchain and the tokenization of securities. In fact, we believe that in the future we will see the greatest transfer of wealth ever, onto the blockchain.” Australian startup TravelbyBit is pushing the currency-side of the coin by integrating BNB payments with all merchants on its network. Binance founder and CEO also commented on the changing landscape of BNB adoption, saying that Binance Coin’s addition on eToro will help it reach millions. He noted: “As a utility token, we believe in creating long-term utility and value. We will continue to do so together with eToro.” Binance Coin [BNB] Will Now Be Available for Fiat Trades on eToro was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

15 days ago

TravelbyBit CEO Opens up About the Partnership with Binance

TravelbyBit is an innovative company looking to make cryptocurrencies more usable in day to day life. Recently, the company partnered with the largest cryptocurrency exchange in the world Binance and piloted the use of its native coin, Binance Coin (BNB). The exchange published an interview with TravelbyBit CEO Caleb Yeoh to highlight their partnership and initiative with the startup. Binance’s Investment in TravelbyBit Earlier in the month, Binance announced an investment in TravelbyBit. The young company had just made Australia’s Brisbane Airport the first cryptocurrency-ready airport in the world. Binance saw the potential and jumped at the opportunity. Weeks after the partnership was announced, the startup introduced support for BNB Coin payments in an Australian bar. Currently, it is busy integrating support for the Binance native coin across all the merchants it is working with. TravelbyBit’s focus on tourism and its integration with merchant payments could help in moving forward an important goal for the exchange - bringing new use cases to the Binance Coin. TravelbyBit will soon announce the completion of merchant integration. The Kitesurfing CEO Caleb Yeoh, a kitesurfing enthusiast and CEO of TravelbyBit has several plans for his company. He has helped in driving greater crypto adoption in Australia, increasing its scope to several hundred merchants. Binance asked him about his recent trip to Malta and interaction with CZ to which he said: “Malta is truly the Blockchain Island. The energy and excitement there was amazing. The reception CZ and Binance had from the regulators and government folk was what blew me away. The country is truly grateful for the help Binance provided in shaping the blockchain island initiative.” He was also impressed by CZ’s message: “In an industry where some have called the Wild Wild West, in the absence of rules, you can still act ethically.” His crypto adoption ambition began with kitesurfing. He liked to visit new locations but was uncomfortable with the inconvenience and fees related to multiple currencies while in transit. That was when Yeoh thought about investing his time into cryptocurrencies and creating one payment system for the world. He also said that mainstream businesses are risk-averse and tend to shy away from crypto coins, but some organizations want to try something new. TravelbyBit offers minimal setup fees and zero ongoing merchant fees. He also said that Binance is a good fit for his company as both intend to bring a blockchain and digital coin revolution. TravelbyBit CEO Opens up About the Partnership with Binance was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

16 days ago

Binance Coin (BNB) Becomes the 13th Crypto Asset Available on eToro’s Platform

CoinSpeaker Binance Coin (BNB) Becomes the 13th Crypto Asset Available on eToro’s Platform On Monday, October 29, eToro officially became the first global investment platform, which offers Binance Coin (BNB), the native token of Binance exchange. With the recent adding of BNB, thirteen digital assets can currently be traded on the platform. As Yoni Assia, the Co-founder and CEO at eToro, commented to the listing: “Despite sensational headlines about the death of crypto, we continue to believe in the potential for crypto assets, as do our clients who are increasingly looking to diversify their crypto holdings. In response we will continue to add the leading crypto assets to our range and we are pleased to add BNB to the platform.” The eToro team stays positive to the future of cryptocurrencies and its platform. While being a regulated securities broker, the platform has official rights to list utility tokens as well as security assets. According to Assia, we will soon witness the greatest transfer of wealth ever: “As a regulated securities broker we have the ability to offer both utility and security tokens on our platform. We support the movement of assets onto the blockchain and the tokenisation of securities. In fact, we believe that in the future we will see the greatest transfer of wealth ever, onto the blockchain.” Binance represents itself one of the world’s largest crypto exchanges. It issued BNB token in 2017 as an ERC-20 token on the Ethereum blockchain. Since then, BNB became the native token of the platform, which can be used to pay trading fees at a discount and with partner applications. In terms of its further development, Binance exchange plans to design its decentralized exchange Binance Chain with BNB as its core currency. Changpeng Zhao, the Founder and CEO of Binance, is excited about the recent listing, saying: “We are honoured and excited to be listed on eToro. With this addition, the Binance coin can reach millions more people, many of whom are more accustomed to the traditional financial industry. As an utility token, we believe in creating long term utility and value. We will continue to do so together with eToro.” As investors increasingly seek to diversify their crypto holdings, BNB joins Bitcoin, Ethereum, Bitcoin Cash, XRP, Litecoin, Ethereum Classic, Dash, Stellar, NEO, EOS, Cardano and IOTA on the eToro platform. BNB token will also be added to eToro’s CryptoPortfolio, which enables investors to diversify across all available cryptocurrencies weighted by market cap with just one click. Like all other cryptoassets, investors choosing BNB on eToro own the real underlying asset, with eToro acting as custodian. Binance Coin (BNB) Becomes the 13th Crypto Asset Available on eToro’s Platform

16 days ago

BNB Becomes the Thirteenth Crypto Asset Available on eToro’s Platform

CoinSpeaker BNB Becomes the Thirteenth Crypto Asset Available on eToro’s Platform On Monday, October 29, eToro officially became the first global investment platform, which offers Binance Coin (BNB), the native token of Binance exchange. With the recent adding of BNB, thirteen digital assets can currently be traded on the platform. As Yoni Assia, the Co-founder and CEO at eToro, commented to the listing: “Despite sensational headlines about the death of crypto, we continue to believe in the potential for crypto assets, as do our clients who are increasingly looking to diversify their crypto holdings. In response we will continue to add the leading crypto assets to our range and we are pleased to add BNB to the platform.” The eToro team stays positive to the future of cryptocurrencies and its platform. While being a regulated securities broker, the platform has official rights to list utility tokens as well as security assets. According to Assia, we will soon witness the greatest transfer of wealth ever: “As a regulated securities broker we have the ability to offer both utility and security tokens on our platform. We support the movement of assets onto the blockchain and the tokenisation of securities. In fact, we believe that in the future we will see the greatest transfer of wealth ever, onto the blockchain.” Binance represents itself one of the world’s largest crypto exchanges. It issued BNB token in 2017 as an ERC-20 token on the Ethereum blockchain. Since then, BNB became the native token of the platform, which can be used to pay trading fees at a discount and with partner applications. In terms of its further development, Binance exchange plans to design its decentralized exchange Binance Chain with BNB as its core currency. Changpeng Zhao, the Founder and CEO of Binance, is excited about the recent listing, saying: “We are honoured and excited to be listed on eToro. With this addition, the Binance coin can reach millions more people, many of whom are more accustomed to the traditional financial industry. As an utility token, we believe in creating long term utility and value. We will continue to do so together with eToro.” As investors increasingly seek to diversify their crypto holdings, BNB joins Bitcoin, Ethereum, Bitcoin Cash, XRP, Litecoin, Ethereum Classic, Dash, Stellar, NEO, EOS, Cardano and IOTA on the eToro platform. BNB token will also be added to eToro’s CryptoPortfolio, which enables investors to diversify across all available cryptocurrencies weighted by market cap with just one click. Like all other cryptoassets, investors choosing BNB on eToro own the real underlying asset, with eToro acting as custodian. BNB Becomes the Thirteenth Crypto Asset Available on eToro’s Platform

16 days ago

Social Trading Platform eToro Lists Binance Exchange's Native Cryptocurrency BNB Coin

eToro, a social exchange that lets investors copy the strategies of sophisticated traders, has added support for BNB, which is the native coin of crypto exchange Binance. BNB is the No. 14 cryptocurrency, with a market cap of $1.2 billion. According to eToro in the announcement: “It is considered more stable than the majority of other cryptocurrencies, as it is backed by a single exchange with a public address.” BNB is down nearly 3% today on volume of $26.5 million. Most of the trading is unfolding in the BTC and USDT markets on Binance. (GT)

16 days ago

eToro Becomes the First External Trading Platform to List Binance Coin (BNB)

Earlier today, October 29th, eToro became the first investment platform to list Binance Coin (BNB) outside of the prominent exchange of Binance.com. The listing of BNB brings the total of crypto assets listed by eToro to 13. eToro has been on a campaign to expand in the US and the listing of additional digital assets is part of the plan to do so. BNB will join Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), XRP, Litecoin (LTC), Ethereum Classic (ETC), DASH, Stellar (XLM), NEO, EOS, Cardano (ADA) and IOTA on the eToro platform. Changpeng Zhao, Founder and CEO of Binance had this to say about the new development: We are honored and excited to be listed on eToro. With this addition, the Binance coin can reach millions more people, many of whom are more accustomed to the traditional financial industry. As an utility token, we believe in creating long term utility and value. We will continue to do so together with eToro. Yoni Assia, Co-founder and CEO at eToro had this to say about the addition of BNB: Despite sensational headlines about the death of crypto, we continue to believe in the potential for crypto assets, as do our clients who are increasingly looking to diversify their crypto holdings. In response we will continue to add the leading crypto assets to our range and we are pleased to add BNB to the platform. As a regulated securities broker we have the ability to offer both utility and security tokens on our platform. We support the movement of assets onto the blockchain and the tokenisation of securities. In fact, we believe that in the future we will see the greatest transfer of wealth ever, onto the blockchain BNB’s Recent Progress Binance Coin has attracted the attention of the crypto community ever since the exchange went live over a year ago. The exchange recently carried out its fifth quarterly coin-burn. The process is part of destroying half of the initial 200 Million tokens minted during the ICO as promised in the project’s whitepaper. BNB is also now accepted as a forms of payment when buying real-estate through a firm known as Propy Inc. What are your thoughts on Binance Coin (BNB) being listed on eToro? Please let us know in the comment section below. [Image courtesy of eToro.com] Disclaimer: This article is not meant to give financial advice. Any opinion herein is purely the author’s and does not represent the opinion of Ethereum World News or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you. The post eToro Becomes the First External Trading Platform to List Binance Coin (BNB) appeared first on Ethereum World News.

17 days ago

eToro Becomes First Platform to List Binance Coin (BNB) for Trading

Digital assets platform eToro has listed Binance Coin (BNB) on its platform, taking the total number of crypto assets listed on the platform to 13 digital assets. BNB is the native token of Binance exchange. It was issued by Binance as an ERC-20 token following an initial coin offering in 2017, as a means for paying […]

17 days ago

eToro becomes first investment platform to offer Binance Coin (BNB)

BNB becomes the thirteenth crypto asset available on eToro’s platform, eToro offers both utility and security tokens - eToro, the global, multi-asset, investment platform with over ten million registered users, has today added the Binance Coin (BNB) to its product range. This brings the total number of cryptoassets available on eToro to thirteen. eToro is the first platform to offer BNB to investors and traders to buy or sell using fiat. BNB is a token issued by Binance, which is one of the world’s largest crypto exchanges. Following an ICO in 2017, Binance issued BNB which is an ERC-20 token on the Ethereum blockchain. BNB is ‘the gas that powers the Binance ecosystem’ which means that it can be used to pay trading fees at a discount and with partner applications. Binance plans to develop a decentralised exchange (Binance Chain) which will use BNB to power it. BNB was established with a total supply of 200 million tokens and Binance repurchases and ‘burns’ tokens each quarter. This will continue until 50 percent of the total supply is burnt. As investors increasingly seek to diversify their crypto holdings, BNB joins Bitcoin, Ethereum, Bitcoin Cash, XRP, Litecoin, Ethereum Classic, Dash, Stellar, NEO, EOS, Cardano and IOTA on the eToro platform. BNB will also be added to eToro’s CryptoPortfolio, which enables investors to diversify across all available cryptocurrencies (weighted by market cap) with just one click. Like all other cryptoassets, investors choosing BNB on eToro own the real underlying asset, with eToro acting as custodian. Yoni Assia, Co-founder and CEO at eToro commented: “Despite sensational headlines about the death of crypto, we continue to believe in the potential for crypto assets, as do our clients who are increasingly looking to diversify their crypto holdings. In response we will continue to add the leading crypto assets to our range and we are pleased to add BNB to the platform. “As a regulated securities broker we have the ability to offer both utility and security tokens on our platform. We support the movement of assets onto the blockchain and the tokenisation of securities. In fact, we believe that in the future we will see the greatest transfer of wealth ever, onto the blockchain.” Changpeng Zhao, Founder and CEO of Binance, said: “We are honoured and excited to be listed on eToro. With this addition, the Binance coin can reach millions more people, many of whom are more accustomed to the traditional financial industry. As an utility token, we believe in creating long term utility and value. We will continue to do so together with eToro.” The post eToro becomes first investment platform to offer Binance Coin (BNB) appeared first on CryptoPotato.

17 days ago

“Please Be The First Car Maker To Accept Bitcoin” More Twitter Users Anticipate Elon Musk’s Arrival to the Crypto World

Ceo of Tesla and SpaceX, Elon Musk has once again left the twitter world in speculation ever since his anime picture tweet with a female wearing a Bitcoin tagged dress that preceded a “want to buy some Bitcoin?” tweet. Cryptocurrency users are currently in a frenzy and have since been clamoring for Musk to be the first car maker to accept Bitcoin. Replying to Elon’s tweet, Binance’s CEO Changpeng Zhao makes a remarkable proposal “Lol, it’s spreading” he says, “I will buy a Tesla if you accept crypto...I typed BNB first but switched it out. Let’s grow the industry.” Memes with CZ and Elon Musk have since been pouring in, one of which has Zhao and Elon in a Tesla car in space, with CZ, asking “Elon, when will Bitcoin moon?”. Crypto investor Tommy Mustache tweeted; “Elon, please consider accepting Bitcoins to buy a Tesla soon. Millions of crypto fans from around the world would love this option. You are always at the forefront of technology and progressive, so please be the first big car maker to accept Bitcoin.” In agreement to the tweet, users are even speculating that the “when Lambo” tradition of crypto investor cashing out to purchase a Lamborghini will be knocked out and replaced with users purchasing Tesla with Bitcoins, resulting in a Tesla sale increase. Elon Musk’s involvement in cryptocurrency has eagerly been anticipated by users and investors alike. In fact, last week, it was rumored that Elon Musk’s Boring Company was accepting payment for his $500 flamethrower in BTC, Ether, LTC, and BCH. Prior to the event, Elon teased that he “wanted Ether, even if it is a scam”. Although Musk has partnered with Jackson Palmer, the founder of Dogecoin to tackle cryptocurrency scam bots, it may be difficult to get him fully involved in cryptocurrency, considering his recent involvement with the SEC after being fined a whopping $20 million for allegedly misleading investors after his tweet on “taking Tesla private on a secure funding at $420”. Upon settlement, Musk revealed on Twitter in a reply to a curious user, saying the fine was “worth it”. The post “Please Be The First Car Maker To Accept Bitcoin” More Twitter Users Anticipate Elon Musk’s Arrival to the Crypto World appeared first on ZyCrypto.

17 days ago

TravelbyBit to Integrate Binance’s BNB Coin Across all Merchants

Tourism cryptocurrency-payments startup TravelbyBit is ready to announce BNB integration across all its merchants, including shopping at Australia’s cryptocurrency-ready Brisbane airport. Binance announced a $2.5 million investment into TravelbyBit on October 6th, 2018. TravelbyBit has quickly followed revealing plans to fully integrate Binance’s BNB cryptocurrency across its platform and its partner retailers. TravelbyBit partnered with Brisbane Airport, Australia, back in January 2018 to introduce cryptocurrency payments to the airport’s terminal shopping. The retailers include Botanist, Spoon, Merino Collection, news outlets, and multiple other brands who will accept payments in Bitcoin, Dash, Ethereum and others, with BNB soon to be added. Speaking in January, Roel Hellemons, Brisbane Airport Corporation (BAC) General Manager Strategic Planning and Development said: Many people around the world have made money investing in cryptocurrencies and a lot of these people travel internationally, so it makes sense to offer a digital currency experience within our terminals. Increasing Utility for BNB TravelbyBit’s position with Brisbane Airport, as well as its network of now hundreds of partnering retailers across wider Brisbane, will increase the use of BNB. One bar in Australia is already accepting BNB payments with TravelbyBit, using Trust wallet. Caleb Yeoh, CEO of TravelbyBit explained his reasons for founding TravelbyBit and the focus on airport retail: I spent a lot of transit time at airports and the exchange rate robbery that happens in these locations is shocking. The fees and inconvenience in dealing with multiple currencies when in transit is a nightmare. Imagine if you can travel all around the world with one truly global currency with no fees. Yeoh met with Binance CEO Changpeng Zhao in Malta recently to discuss joint plans to increase the use of cryptocurrency in global payments. TravelbyBit is enticing retailers with low setup fees and no commissions to either the merchant or the consumer. Yeoh says: You will be surprised how many people genuinely support us because of the philosophy behind crypto, which is centered around freedom and liberty. The startup, with backing from Binance, is now talking to airline lounges and airports, as well as retailers, across the globe in an endeavor to roll out its blockchain payment system. To encourage adoption TravelbyBit hopes to channel at least some of Binance’s 10 million strong user base towards partner retailers at airports. Binance, led by a very driven Zhao, is pushing forward with plans and partnerships right across the cryptocurrency and blockchain space. Binance’s Blockchain Charity Foundation is joining forces with both the United Nations Developer Programme (UNDP) and The TRON Foundation to bring cryptocurrencies into charitable donations and for social good. It has also seen investment this month from Vertex Ventures to establish a fiat-to-crypto exchange in Singapore as well as reaching into Africa with the launch of a fiat-to-crypto exchange in Uganda. Will you be using BNB coin on your next trip? Images courtesy of Shutterstock. The post TravelbyBit to Integrate Binance’s BNB Coin Across all Merchants appeared first on Bitcoinist.com.

17 days ago

The Daily: September Losses for Most Traders, Crypto Debit Cards Shipped in Singapore

The majority of cryptocurrency traders recorded losses on their investments last month, according to a report we’ve covered in The Daily. In this edition, we also look at the new debit cards allowing customers in Singapore to spend cryptocurrencies anywhere Visa is accepted and the decision of a large cryptocurrency mining company to move one of its farms from Sweden to Colorado. Also read: Royal Mint Drops Digital Gold, Malta Issues Warning About Trading Platform Report Depicts Bleak September September was a busy but not an optimistic month for the crypto space, according to a report published by OK Blockchain Capital - the investment arm of OK Group, operator of cryptocurrency exchange Okex. The monthly survey among investors found that most of them had suffered small losses (25.47%), “essentially flat” (24.53%) or large losses (23.58%). A little over 14.15% of traders made small gains, while another 5.19% remained on the sidelines. The market situation was rather bleak, the authors have concluded. The study confirms a continued downward trend in the value of digital assets throughout September. However, the trading volume rebounded significantly toward the end of the period. According to the aggregated data, the average global daily market cap of digital assets was $211.103 billion, down 10.27% from August. At the same time, the transaction volume reached $13.526 billion, up 5.15%. The top three cryptocurrency holdings last month were BTC (23.11%), EOS (16.04%) and ETH (12.26%). The report also lists the industry buzzwords for September, including stablecoins, bitcoin mining machines, Bitmain, and the Ethereum “Difficulty Bomb.” Iran’s decision to recognize cryptocurrency mining, the ongoing court proceedings around the RBI ban in India, and regulatory developments in Japan and the United States are mentioned among the most important global policy news items. Crypto Debit Cards Issued to Customers in Singapore Cryptocurrency platform and payment provider Crypto.com has announced it is now shipping the new MCO Visa Cards to customers in Singapore. The prepaid cards are linked to a mobile wallet that allows holders to buy, sell, store, send, and track cryptocurrencies, the company formerly known as Monaco explained in a post published on Medium this week. With the wallet app, users can order an MCO card, control its usage and manage all transactions. They will also be able to freeze or unfreeze their card. The metal cards come with free ATM withdrawals and no annual or monthly fees. The cards issued by Crypto.com will enable customers to spend digital coins converted to fiat money anywhere Visa is accepted. The service supports cryptocurrencies like bitcoin core (BTC), ethereum (ETH), Binance coin (BNB) and the platform’s own MCO token as well as major fiat currencies, including the U.S. dollar, euro, British pound, Singapore dollar, Hong Kong dollar, Japanese yen, and Australian dollar. MGT Moves 6,000 Miners From Sweden to Colorado MGT Capital Investments, a company involved in cryptocurrency mining operations in the State of Washington and in Northern Sweden, has announced it concluded a hosting agreement for a new facility in Colorado. MGT has been exploring options to relocate more than 6,000 S9 Antminer devices that are currently installed in its bitcoin farm in the Scandinavian country. “We have identified and successfully negotiated a deal with a U.S. facility that nicely suits our needs,” said MGT’s Chief Operating Officer, Stephen Schaeffer. “This location is capable of not only providing a cost-effective solution to our relocation needs, but also facilitates our growth plans for 2019,” he added, as quoted in a press release. The facility in Colorado Springs, a former semiconductor campus, has an initial capacity of 10MW of electricity but the electrical infrastructure can support an additional 30MW of power. MGT Capital intends to complete the relocation and restart mining operations in the new location by the end of 2018. MGT Capital Investments is one of the largest cryptocurrency mining companies in the U.S. where it operates around 6,800 Bitmain S9 miners. What are your thoughts on today’s news tidbits? Tell us in the comments section below. Images courtesy of Shutterstock, Crypto.com. Make sure you do not miss any important Bitcoin-related news! Follow our news feed any which way you prefer; via Twitter, Facebook, Telegram, RSS or email (scroll down to the bottom of this page to subscribe). We’ve got daily, weekly and quarterly summaries in newsletter form. Bitcoin never sleeps. Neither do we. The post The Daily: September Losses for Most Traders, Crypto Debit Cards Shipped in Singapore appeared first on Bitcoin News.

19 days ago

Binance Promotes Its Charity Foundation, BNB on Highest Level

Changpeng Zhao wants BNB to replace fiat

20 days ago

Tron’s Justin Sun and Binance’s CZ Join Hands to Boost Blockchain’s Use in the Non-Profit Sector

Tron (TRX) founder Justin Sun and Binance CEO Changpeng Zhao Recently met up at the United Nations in Geneva, Switzerland to Promote the use of blockchain in the non-profit sector of the economy. Tron founder CEO, Justin Sun announced in a tweet that he feels so honored to be part of the ongoing World Investment Forum in Geneva, 22 - 26th October, 2018. This forum was on the 73rd anniversary of the UN day when Binance introduced Blockchain Charity Foundation and also launched a blockchain-based donation platform. This charity platform will accept donations in BTC, ETH, and BNB digital assets, and also support victims of flood and landslides in Uganda and other nations. The World Investment Forum was graced by 700 attendees, who converged at the Human Rights and Alliance of Civilization Room, at Palais de Nation. This forum which was organized by IFLAS initiative on blockchain for sustainable development, supported BCF, was the first blockchain session held at the World Investment Forum. The Head of Blockchain Charity Foundation, Helen Hai said the foundation will ensure accountability and transparency in delivery; ”Donations through the BCF platform will ensure full transparency, accountability and direct reach to end recipients,” ”BCF will leverage blockchain technology to help fill the UN SDG funding gap and directly empower over one billion people living in poverty. We believe poverty is not a destiny.” Tron CEO, Justin Sun, was among the executives, who graced the occasion. Tron foundation donated the sum of $3million, to support the blockchain effort for charity. TRON is proud to join @binance in discussing the implementation of blockchain innovation to the non-profit sector at the #WIF2018. Leaders @cz_binance and @justinsuntron are paving the way to utilize tech for social good. @UNDP #TRX https://t.co/7mqVvS7Tsf pic.twitter.com/9gDzufkVRx — TRON Foundation (@Tronfoundation) October 24, 2018 Mr. Sun in a short speech pledged his support for the goal of the foundation; ”All of us here have made the decision to be leaders in shaping blockchain technology for social good,” said Justin Sun, CEO of Tron Foundation. ”Binance Charity Foundation is taking substantial steps in that direction by increasing the transparency of donations so we can see where the goodwill of the donors is going and what impact it has.” Binance CEO, Changpeng Zhao, in his presentation said, that transparency is key, for the foundation to achieve its 17 sustainable Development goals. He said their process transparent and enables the monitoring of flow of funds from donors to recipients. ”Conceptually, it is easy to track the flow of funds through the layers and we can make this 100% transparent. At the same time, for anything Binance is involved with, we pledge that 100% of donations will go to the end beneficiaries, and all costs will be covered by Binance, the company and the foundation.” Blockchain Charity Foundation aims to use blockchain technology to achieve result in realizing UN sustainable Development Goals. The post Tron’s Justin Sun and Binance’s CZ Join Hands to Boost Blockchain’s Use in the Non-Profit Sector appeared first on ZyCrypto.

20 days ago

Africa and the Middle East: Crypto and Blockchain News Roundup, 19th to 25th October 2018

Africa and the Middle East Welcome to our weekly roundup of all important blockchain and cryptocurrency news from around the world. Follow the latest developments in the cryptocurrency space continent by continent, country by country. Kenya Restaurant accepts Bitcoin and Dash for food and crypto classes: A new restaurant in Kenya is offering food and cryptocurrency classes in exchange for cryptocurrencies. Situated in the small town of Nyeri, the local tech-savvy restaurant embraced cryptocurrency payment as a first in the region. The town itself is 150 km from the capital Nairobi and lies near the popular destination of Mount Kenya. According to the proprietress of the eatery, Wambagu: “Since the world is becoming more global, my place is also becoming a global restaurant.” Wambagu prides herself on being a cryptocurrency pioneer in the country and people flock to her restaurant because of her excellent food. She has also introduced cryptocurrency education classes for interested individuals inside her restaurant every Sunday and attendees can also pay the nominal fee in Bitcoin. South Africa South Africa deemed most crypto-friendly country in region: South Africa has been deemed as the most pro-crypto country in the African continent according to a report by French banking group BNB Paribas and Capgemini IT company. According to the report, South Africa has allowed cryptocurrency payments, trades and investments without too much regulatory backlash. The country is also investing a lot in blockchain and crypto education as well as becoming home to an increasing number of Bitcoin ATMs and cryptocurrency exchanges. Other African countries are also progressing but a relatively slower pace. Kenya and Ghana are also catching up with South Africa and allowing a pro-crypto culture within the countries. African Union Blockchain and crypto making a difference in Africa: Cryptocurrencies and DLT are paving way for economic inclusion and stimulating growth in the African countries. Many public sectors are weighing up the option to use cryptocurrencies to battle corruption and inefficiency in government departments. While globalization and mercantilism have happened largely at the expense of African nations and exploitation of their resources, it is refreshing to see that cryptocurrencies and blockchain technology are helping African people and governments push back. The recent adoption of blockchain systems for rare earth metal tracking in Rwanda is a good example because of rampant labor violations going in the mines that provide the world with much of the metals that are used in electronics manufacturing. Turkey CoinText Introduced in Turkey: Turkey, along with Argentina, are now within the operational coverage of CoinText, an offline SMS-based cryptocurrency trading solution. With the new service, Turks will be able to use Bitcoin Cash (BCH) through an SMS rather than a wallet which is connected to the internet and thus susceptible to intrusion. Cryptocurrency trading in the country has reached record levels after a recent plunge in the demand of local currency lira. Israel Central banks wants to help blockchain companies: At the Israeli Blockchain Summit in the capital of Tel Aviv, Bank of Israel Head of Innovation and technology, Daniel Hahiashvili, said that the bank is looking to facilitate blockchain companies in the country. His statement echoed change occurring in the system after the Bank of Israel banned cryptocurrencies five years ago. United Arab Emirates Government finds solution for ICO liability: The UAE regulator Securities and Commodities Authority (SCA) has announced a plan that will recognize cryptocurrencies as securities and thus make them liable for SCA’s jurisdiction. While such a move may be detrimental and less encouraging for cryptocurrencies and new ICOs, it is still one of the more popular ways to regulate new ICOs and their tokens. The SCA has also warned about investing in cryptocurrencies before. Follow BitcoinNews.com on Twitter: @bitcoinnewscom Telegram Alerts from BitcoinNews.com: https://t.me/bconews Want to advertise or get published on BitcoinNews.com? - View our Media Kit PDF here. Image Courtesy: Bitcoin News The post Africa and the Middle East: Crypto and Blockchain News Roundup, 19th to 25th October 2018 appeared first on BitcoinNews.com.

20 days ago

Blockchain Charity Takes Center Stage at World Investment Forum 2018

The World Investment Forum 2018 which is staged annually by the UN Conference on Trade and Development (UNCTAD) was dominated by blockchain this year. This year’s main event was entitled “Blockchains for Sustainable Development” and attracted keynote speakers who discussed the future of the technology. This year’s main speakers included Binance CEO Changpeng Zhao, TRON Founder Justin Sun, European Parliament member Eva Kaili, Bancor co-founder Galia Benartzi and UNICEF Ventures Lead Chris Fabian. Binance CEO Changpeng Zhao announced that the company was focusing on delivering a more transparent approach to charitable donations, an area which dogged the industry for many years and had driven donors away. He spoke on UN’s sustainable development goals (SDGs) suggesting that blockchain can be the main driver towards changing entrenched practices of charitable companies: “For the 17 SDGs, there is one underlying problem we’re trying to solve: transparency. Blockchain has many benefits but ‘transparency’ is the one word I want people to remember today. With increased transparency, charity will improve 100 times: 100x more efficient, 100x more donations and 100x more impact!” Today at #WIF2018, @Binance CEO Changpeng Zhao @cz_binance launched a new platform that uses #blockchain technology to track donations, allowing people to see where their money goes and who benefits. "With better transparency we can achieve 100 times more results," he said. pic.twitter.com/c3LQPWLDng — UNCTAD (@UNCTAD) October 24, 2018 CZ, as he is affectionately referred to, has said elsewhere that blockchain predictions, similar to those about cryptocurrency, should be taken with a pinch of salt. He believes specialized ledgers will change the face of crypto space, taking over from large blockchains such as Ethereum. Zhao argued platforms such as this using DLT is what people want to see in the future; places where donors’ money can be tracked by all parties. The new Binance platform will initially support BTC, BNB and ETH. Tron founder Justin Sun kickstarted Binance’s Charity foundation with a generous donation of USD 3 million, wanting “to donate money for good cause”. The CEO commented: “All of us here have made the decision to be leaders in shaping blockchain technology for social good. Binance Charity Foundation is taking substantial steps in that direction by increasing the transparency of donations so we can see where the goodwill of the donors is going and what impact it has.” MEP Kaili saw hidden banking fees an area where blockchain can make some meaningful changes, arguing, “USD 130 billion of hidden fees are now the reality for the banking sector and any transaction you do. The potential to reduce that is huge. And blockchain could be one of the solutions.” Follow BitcoinNews.com on Twitter: @bitcoinnewscom Telegram Alerts from BitcoinNews.com: https://t.me/bconews Want to advertise or get published on BitcoinNews.com? - View our Media Kit PDF here. Image Courtesy: Pixabay The post Blockchain Charity Takes Center Stage at World Investment Forum 2018 appeared first on BitcoinNews.com.

20 days ago

5 Reasons to Keep HODLing Binance Coin (BNB) (Opinion)

2018 has been tough on us HODLers. Not much more needs to be said about that, but the question... The post 5 Reasons to Keep HODLing Binance Coin (BNB) (Opinion) appeared first on Invest In Blockchain.

21 days ago

Daily Cryptocurrency News - 23rd October 2018

Welcome to our Daily News article. Here are the most important cryptocurrency news for 23 October 2018: LocalEthereum Now Supports Popular Ethereum Wallets LocalEthereum has made an excellent announcement for Ethereum users. You can now connect your favorite wallet to Local Ethereum instead of using a username and password combination. This means users can now choose to use an external wallet like imToken or MetaMask instead of Local Ethereum’s built-in web wallet. LocalEthereum is a decentralized peer-to-peer marketplace. One of its best features is that it enables cryptocurrency traders to anonymously buy and sell Ether (ETH) in exchange for fiat currency. The platform does not hold user funds and utilizes Ethereum smart contracts to execute trades between transacting counterparties. Therefore, it provides a level of fund security that centralized exchanges never could. The platform works with all web3 wallets and dApp browsers. In the future, Local Ethereum wants to add support for other wallets. These wallets include the lesser-known hardware wallets and the WalletConnect protocol. The new update, according to the team, is not going to affect the user’s privacy. Therefore, all messages and transactions will remain encrypted with the same method. The platform will still not hold the user funds. However, what will be different, is the log-in flow, and the separation between LocalEthereum and the user’s wallet. By using an external wallet, now users can by-pass built in wallets as the go-between buying and selling ether, said the company on the release. LocalEthereum will automatically detect the user’s wallet, and the wallet will integrate with the escrow smart contract directly. There is no doubt this LocalEthereum’s update could increase their users significantly. This is because many people that trade on their platform hold Ether on third-party wallets but want the safety that comes with decentralized apps. Despite the good news, the company pointed out the disadvantages of the new login method. To use their accounts on multiple devices, users will need to export the same wallet to each device they want to use. If you want to know more about LocalEthereum wallet, you can go here Bakkt Beginning Date just Announced; The Trading of Bitcoin Daily Futures Contracts Begins December 12 Source: Digital Coin News Bakkt has announced the date it will start to use the ICE exchange family of networks to trade Bitcoin future contracts. This date of the competition is December 12, 2018. Bakkt is known as the flagship institutional organization pressing into the digital asset space. Many investors recognize Bakkt this way, which includes Bakkt investors such as: Fortress Investment Group, Eagle Seven, Galaxy Digital, Horizons Ventures Alan Howard Pantera Capital Protocol Ventures Susquehanna International Group, LLP Tier 1 global investment bank is in current discussions with Bakkt to either use their familiar exchange architecture or watch the launch closely. Regarding the aspirations of the Bakkt organization: “In bringing regulated, connected infrastructure together with institutional and consumer applications for digital assets, we aim to build confidence in the asset class on a global scale, consistent with our track record of bringing transparency and trust to previously unregulated markets,” said Jeffrey C. Sprecher, Founder, Chairman and CEO of Intercontinental Exchange. Bakkt is going to rise soon, and this could potentially change the digital assets market. It is going to be exciting to know what kind of investors will start to become interested in the platform. For more information, you can visit Bakkt’s website here. Binance is going to reward 37,000 BNB tokens in a competition for the best trading strategy Great news from Binance, the platform will be giving away a total of 37.000 of its platform’s tokens. Binance Coins are mainly intended for the operation of the exchange, but users can trade the coin into other cryptocurrencies such as Bitcoin at any time. The competition from this giveaway will be rewarding the person with the best trading strategy. The total prize, which is 37.000 BNB tokens (each BNB token is worth $9.74) will be divided among the best 50 traders. For the first place, the winner will get 8.000 BNB, the second place gets 4.000 BNB, and the third place gets 2.000 BNB. A further 6,000 BNB will be divided between places four to ten. The remaining traders (places eleven to 50) each receive 175 BNB. How does it work? The competition is basically all about showing who has the best trading strategy. According to a blog post, there are not any initial restrictions on the competition, there are some requirements though, such as: The participants will need to have holdings of at least 0.1 BTC equivalent when the competition starts (2018/10/18 0:00 AM UTC). To remain eligible, the users cannot withdraw during the competition time. The deposits and referral commissions received during

21 days ago

Crypto.com’s MCO Visa Cards To Be Used in Singapore First

Crypto.com, a Hong Kong based cryptocurrency company which is a pioneer in cryptocurrency adaptation through its wallet application has finally started shipping it’s MCO Visa cards. The MCO visa card is a cryptocurrency linked metal card with rewards. Singapore will rejoice as it will be the first country to use the crypto metal card from 22 October 2018. The MCO Visa card gives the option to users to use their cryptos for a variety of options. These include free ATM withdrawals worldwide, tap and pay functionalities, interbank transfers with cheap rates and airport lounge access. Co-founder Kris Marszalek highlighted the importance of MCO Visa cards for the overall cryptocurrency adoption by stating- “We are thankful for the support of all our partners and our community. During this process, our team has grown tremendously and worked incredibly hard to achieve this milestone. It is an important step towards our mission of accelerating the world’s transition to cryptocurrency.” If you want to reserve a MCO Visa card for yourself, all you have to do is access the mobile wallet application of Crypto.com and complete the formalities of the customer onboarding process. Currently, the Crypto.com wallet which the MCO Visa card can be recharged with are major cryptocurrencies such as BTC, ETH, XRP, and LTC. It also accepts the native currency of Crypto.com which is MCO and popular cryptocurrency exchange Binance’s currency BNB. The inclusion of BNB suggests the rise of BNB in the cryptocurrency market. Crypto.com was known as Monaco before the overall rebranding efforts utilizing the Crypto.com website which according to a report was bought for US$10 million. Zero Crypted Opinion Crypto.com’s MCO Visa Card is not the world’s first crypto metal card. A few months ago Revolut released a cryptocurrency metal card. TenX is another cryptocurrency metal card which is being developed as of now. Singapore was chosen for the MCO visa card given the openness to cryptocurrencies in the Asian island. Singapore is growing to become Asia’s hub for cryptocurrencies similar to Malta expanding in the cryptocurrency field in Europe. However, one thing which has not been disclosed yet is the fees. Crypto.com website mentions that it will be revealed in the terms and conditions when the card is shipped. Image Source - Flickr dbcrypto The post Crypto.com’s MCO Visa Cards To Be Used in Singapore First appeared first on Zerocrypted - Your Daily Cryptocurrency News, Guides And More.

21 days ago

Binance Coin Price Analysis: BNB Continues To Trade Within 2-Month Tight Trading Range

Binance Coin has seen a small 0.22% price increase over the past 24 hours of trading. The cryptocurrency is currently exchanging hands at a price of $9.76 after suffering a small price drop totalling -1.43% over the past 7 trading days. Binance Coin is a token used to receive discounts on trading fees when using the exchange Binance. The Binance team have committed to using up to 20% of their profits each quarter to buy back supply of BNB coins off of the market. They will continue to do this until the coin supply for BNB reaches 100 million. The team have recently just conducted their 5th quarterly buy back scheme in which 1.64 million BNB tokens were burnt. At the head of the current month, the Binance team have also committed to donating 100% of their listing fees to charity. The payment for listing for cryptocurrency projects to the Binance platform has been been a long controversial topic. The donation of the listing fees to charity marks a step further in the competence and confidence in the Binance team. Binance Coin is currently ranked in 14th position in terms of overall market cap across the entire industry. It currently holds a total market cap value of $1.28 billion after the 15 month old coin suffers a 28% price drop over the past 90 trading days. BNB is now trading at a value that is 60% lower than its all time high price. Let us continue to analyse price action for BNB against the USD over the long term and ascertain how the market has been behaving. Price Analysis BNB/USD - LONG TERM - DAILY CHART https://www.tradingview.com/x/TgmZaCuY/ Analysing price action from the short term perspective, we can see that after placing the all time high, price action rolled over and began to decline aggressively. It had originally found a form of significant support when the market approached the long term .786 Fibonacci Retracement level priced at $6.57. As price action reached this area it reversed and proceeded to rally. It continue to increase until meeting further support higher at the .382 Fibonacci Retracement level priced at $16.18 where the market rolled over once again and started to decline. Price action is now trading at resistance provided by the .618 Fibonacci Retracement level priced at $10.57 and has struggled to overcome this resistance for the previous 2 months. Let us continue to analyse price action a little closer over the short term and highlight any potential support and resistance areas. BNB/USD - SHORT TERM - DAILY CHART https://www.tradingview.com/x/v11MZDY3/ Analysing the market from the short term perspective above we can see that price action had experienced a bullish run when the market started from a low of $7.06 on the 9th of March 2018 and extended to a high of $17.44 on the 7th of June 2018. This was a price increase totalling 144% from low to high. The market had then rolled over and began to decline until meeting support originally at the short term .5 Fibonacci Retracement level priced at $12.22 during July 2018. The market continued to penetrate beneath this support during August 2018 until finding further support below at the .786 Fibonacci Retracement level priced at $9.24. We can see that this level of support has provided stability for the market for the past 2 and a half months. It is important to highlight that this level of support is further bolstered by a downside 1.414 Fibonacci Extension level priced at $9.31 further adding to the expected level of support in this area. Price action for BNB/USD has now been trapped within a range bound between the $9.24 handle as the lower boundary and the short term .618 Fibonacci Retracement level priced at $10.99 as the upper boundary. Price action is currently trading at resistance at the downside 1.414 FIbonacci Extension level priced at $10.12, if the bulls can push price action above this they will meet initial resistance at the upper boundary of the trading range priced at $10.99. If the bullish momentum can continue to press price action higher above $11, then we can expect further resistance above to be located at the short term .5 and .618 Fibonacci Retracement levels priced at $12.22 and $13.45, respectively. IF the bulls can go on to break above $18 then we can expect more resistance at the 1.272 Fibonacci Extension level priced at $20.28. ALternatively, if the bears step in and push price action lower we should expect immediate significant support below to be located at the .886 Fibonacci Retracement level priced at $8.20. This area of support is further bolstered by the downside 1.618 Fibonacci Extension level further adding to the expected support in this area. The post Binance Coin Price Analysis: BNB Continues To Trade Within 2-Month Tight Trading Range appeared first on ZyCrypto.

22 days ago

Changpeng Zhao Wants Everyone Using BNB... As Money

Tokens issued by the world’s largest exchange may have found a new lease of life as a payments option - according to Changpeng Zhao (CZ) at least. CZ, the founder of popular cryptocurrency exchange Binance, said he planned to turn Binance Coin (BNB) into a payment token. He told Crypto Briefing he would “certainly hope” BNB could become the asset of choice for retail users. An independent blockchain, he said, would make it suitable for an everyday user to purchase goods and services with. “Right now, BNB is still an ERC 20 token, which will incur relatively expensive (same as ETH) network transfer fees”, CZ said. “When the Binance Chain comes out, the network fees will be cheaper, and faster. We probably will go for 1-second blocks, which should make it very suitable for retail, in addition to being a decentralized exchange.” Binance Coins are utility tokens; a total of 200m being sold in the exchange’s ICO last year. It gives holders access to cheaper trades on the exchange’s servers. Trades conducted in BNB pay less in transaction fees. Up until the summer this used to be a 50% discount, but this has now been halved to 25%. Binance also introduced discounts based on a user’s 30-day trading activity, as well as on their BNB coin balance. The token was initially sold as a crowdsourcing method. Binance buys back a tranche every quarter and burns them. So far it has repurchased and destroyed 10m BNB. Binance Coin use Binance’s recent investment into TravelbyBit, an Australian startup pushing for wider crypto adoption in the retail sector, was swayed by the argument that tourism would be encouraged if visitors can pay for things in tokens and virtual currency, rather than in the local Australian dollar. TravelbyBit isn’t the first project to onboard Binance Coin. BNB is a compatible coin in Pundi X (NPXS) and Crypto.com (formerly Monaco), two projects interested in making cryptocurrency a spendable asset in daily life through crypto credit cards. Binance highlighted in its Medium blog post, announcing the TravelbyBit investment, that it wants to be known as more than just an exchange. Its new mission is to become the main advocate for the freedom of money. Despite this, CZ emphasized that the purpose of Binance Coin was still the same. In line with the exchange’s new mission statement, the new implementations were a way to create more use-cases for BNB holders. “[The] purpose of BNB token has not changed”, he said. “But we are always trying to add more utility value to it.” “The more it is used (and more use-cases), the higher the value. We certainly want to make it a payment coin”, he added. Diminishing BNB supply With all that said and done, Binance is still burning BNB. The exchange is marking its first full year of operation with the repurchase and destruction of 1.6m Binance Coins, worth approximately $15m at current prices. Within four years, most of the loyalty perks for BNB holders will have gone. Although the scale of the buyback is based on Binance’s profits, the token’s total supply is still being reduced every quarter. At some point in the future, there will be no Binance Coins left. Crypto Briefing raised this with CZ. He said that reduced supply didn’t effect BNB’s implementation. “The beauty of crypto currency [is] it’s infinitely divisible”, he said “Even if there is only 1 BNB left, it will still be enough. It simply means we will spend very small decimals of it for each transaction, and the 1 BNB will be worth a lot.” Sure, that one BNB could be worth a lot. That doesn’t mean it could become a workable payments system worldwide. A diminishing supply will likely push users to other virtual currencies specifically designed for the retail sector. There are certainly enough to choose from. Three coins in the top-ten: bitcoin (BTC), Bitcoin Cash (BCH) and Litecoin (LTC) were all designed to be used as an alternative to fiat currency. Whether BNB will be used to buy didgeridoos and wide-brimmed hats with corks on them, especially if it’s to an infinitesimal decimal place, remains to be seen. The author is invested in BTC and ETH, which are mentioned in this article. The post Changpeng Zhao Wants Everyone Using BNB... As Money appeared first on Crypto Briefing.

22 days ago

Nexo Lending Platform Adds Bitcoin Cash Support

Cryptocurrency loans service Nexo has confirmed it is adding support for bitcoin cash (BCH). The Switzerland-based lending platform offers crypto-fiat loans from upwards of $1,000, with no credit checks required as collateral. BCH holders will be able to stake their cryptocurrency as collateral and obtain instant funding in more than 40 fiat currencies. Also read: Japanese Regulator to Host Regular Global Cryptocurrency Roundtable BCH Becomes Nexo’s Sixth Cryptocurrency Cryptocurrency lending service Nexo has been expanding rapidly. It recently added Ripple’s XRP and has now confirmed support for bitcoin cash and litecoin. These coins will join BTC, ETH, BNB and NEXO, granting cryptocurrency holders the ability to borrow anywhere from $1,000 to $2 million. Rather than sell their bitcoin cash when they require access to capital, users can lock BCH into the Nexo platform, before retrieving their coins once their loans have been repaid. Nexo’s cryptocurrency assets are secured by custodial partner Bitgo, which just closed a Series B funding round from investors including Goldman Sachs. Bitgo has attracted a number of institutional clients to its service, as well as cryptocurrency companies such as Kraken and Pantera Capital. Once cryptocurrencies have been placed as collateral with Nexo, customers can obtain instant loans, and will also be entitled to additional credit should the value of their cryptocurrencies appreciate. Nexo boasts of having issued more than $1 billion of cryptocurrency loans to date. Crypto-Fiat Loans Are On the Rise Cryptocurrency holders today have a plethora of lending options available. On Oct. 19, news.Bitcoin.com reported on Salt adding support for dogecoin, while platforms such as Ethlend and Celsius Network have also been gaining traction. Cryptocurrency loans have a range of applications, including the provision of short-term funding for hedge funds that have invested in cryptos and wish to obtain capital for new investment opportunities. Nexo’s crypto-fiat lending service has also attracted cryptocurrency miners seeking to cover hardware expenses, as well as investors who wish to take out loans to buy more cryptocurrencies in the belief that they will rise in value, so they can profit without selling their existing holdings. Preliminary results from the poll show strong support for Bitcoin Cash (BCH). Meeting @rogerkver in Tbilisi was a great opportunity to announce the upcoming addition of BCH as a collateral option for Nexo's crypto-backed loans! Check out the interview here https://t.co/4igDQ1q6It https://t.co/mewu2nY3QL — Nexo (@NexoFinance) September 24, 2018 Nexo’s decision to add bitcoin cash and litecoin appears to have been swayed, in part, by a community vote that indicated strong desire for the coins. The lending platform is currently finalizing BCH wallet integration before its bitcoin cash lending service goes live in a few weeks’ time. Borrowers can obtain credit from 8 percent APR with no minimum loan repayments. Nexo has also completed integration with Coinmarketcap, enabling visitors to the market data site to start the process by clicking the “Get Loan” button alongside cryptocurrencies such as BCH and BTC. Would you take a fiat loan in exchange for cryptocurrency? Let us know in the comments section below. Images courtesy of Shutterstock and Nexo. Need to calculate your bitcoin holdings? Check our tools section. The post Nexo Lending Platform Adds Bitcoin Cash Support appeared first on Bitcoin News.

22 days ago

Bitcoin: Elon Musk asks his followers whether they want to buy BTC, Binance CEO replies

Bitcoin [BTC] seems to be slowly gaining prominence in the mainstream, with more celebrities and influencers creating a buzz about the coin. This has been observed in many instances with the CEO of Tesla, Elon Musk, speaking about the cryptocurrency market. He has offered his opinion regarding the cryptocurrency space in the past while speaking about the multiple scam accounts on Twitter that replied to his tweets. This has caused a lot of angst amongst the cryptocurrency Twitter community, referenced by Musk, who stated: “Great actions by Twitter to delete bogus accounts. Will increase usage by real users.” In a reply to a Tweet by one of his followers, Musk stated: “At this point, I want ETH even if it is a scam” He then later teamed up with the Creator of Dogecoin [DOGE], Jackson Palmer, to combat the scam bots on Twitter. This was done through the use of a script, which was then implemented by Musk to counteract the effects of the scam bots. More recently, Musk tweeted out that he liked anime, prompting replies from almost 10,000 individuals. To add fuel to the fire, Musk said in one of the replies: Wanna buy some Bitcoin? pic.twitter.com/9ZbBJ5fuVq — Elon Musk (@elonmusk) October 22, 2018 This led many to chime in, including the CEO of Binance, Changpeng ‘CZ’ Zhao. He stated across tweets: “Lol, it’s spreading. I will buy a Tesla if you accept crypto...I typed bnb first, but switched it out. Let’s grow the industry.” User Don’tFollowMe on Twitter stated: “Nah, give me some XRP instead.” Tommy Mustache stated: “Elon, when can I buy a Tesla with my Bitcoins? Please make it happen soon.” This comes after fake reports emerged last week that Elon Musk’s Boring Company was accepting Bitcoin, Ethereum [ETH], Litecoin [LTC] and Bitcoin Cash [BCH] and other cryptocurrencies as payment for their flamethrower. The post Bitcoin: Elon Musk asks his followers whether they want to buy BTC, Binance CEO replies appeared first on AMBCrypto.

23 days ago

Binance CEO Offers to Buy A Tesla with Crypto, Will Elon Musk Accept ?

Binance CEO’s Reply To Elon Musk’s Tweet Turns Into A Hot Thread About Cryptos And Cars One of Elon Musk’s latest tweets has excited the crypto world in ways that few tweets do. On Monday, Elon, who is the CEO of Tesla and founder of SpaceX, shot out a tweet stating that he loved anime. He then followed it up with a nice anime image with a huge Bitcoin logo on it. The tweet read,”Wanna buy some Bitcoin?” The genius even threw some happy emojis in there. The image was sourced from a website called Cryptocurrency Girls that depicts various popular cryptos as anime characters. Within hours of the tweet going live, the internet was all abuzz with a kind of surprised shock about Elon’s sudden turn-around in matters Bitcoin. Soon, various influential twitter users were all in, engaging Elon in matters crypto. One of the most notable figures on the thread is the founder of Binance, Zhao Changpeng. To bring the heating talk to a nice boil, Zhao offered to buy a Tesla car if the company can accept crypto payments. That wasn’t the end of it. Soon, the thread was filled with numerous twitter characters having conversations with Elon Musk and Zhao Changpeng. Indeed, the tweet attracted over 8,000 likes and got retweeted more than 3,000 times within a few hours. The thread even took a funnier turn when Zhao requested someone to “please make more anime for Elon.” Another twitter user contributing on the thread went out of their way to request Zhao to try and make Elon acquire some BNB. BNB is the official crypto token launched by Binance. Binance is the largest crypto exchange by trading volume. The thread went on smoothly, with various users coming in to share their opinions about Tesla, cryptos, and Binance. Someone even asked Binance to start a trollbot on their site to enable users to hold conversations while trading. However, Zhao responded by saying that, indeed, Binance had launched such a chatbox, but things didn’t go well due to people using abusive language on the chat. It had to be shut down. Another user expressed optimism that Tesla could become the first car maker company to accept crypto payments. In concise terms, the thread was full of fun and vigor as twitter users trooped in droves to help Elon Musk talk about cryptos and his love for anime. However, things almost got a little thick when twitter locked Elon’s account. They thought he had been hacked - since he doesn’t really talk about cryptos and Bitcoin that much. It was later unlocked after verifying that it was really Elon Musk trying to lighten up the crypto space. The post Binance CEO Offers to Buy A Tesla with Crypto, Will Elon Musk Accept ? appeared first on ZyCrypto.

23 days ago

Binance Coin BNB Price Prediction 2018 And Technical Analysis

Recently the market cap for Binance Coin (BNB) managed to surpass Ethereum Classic and NEO to become the 14th largest cryptocurrency by market cap. It’s something that had the Binance team... Continue reading "Binance Coin BNB Price Prediction 2018 And Technical Analysis" The post Binance Coin BNB Price Prediction 2018 And Technical Analysis appeared first on UseTheBitcoin.

23 days ago

Sign Ups Now Open on OceanEX, the Crypto Exchange Built for the VeChainThor (VET) Ecosystem

Back in late August, Ethereum World News had notified the crypto community on an exciting new milestone of the VeChainThor (VET) blockchain. The team at VET was excited to announce the first token minted on the blockchain: OceanEX (OCE). The latter would also be part of a crowdfunding campaign on the VET blockchain. About the OceanEX Project and its Crowdfunding The crowdfunding for the OceanEX project was geared towards creating an AI powered digital asset trading platform within the VeChainThor Ecosystem. The platform is designed to use AI technologies to provide an actively protected and ultra-liquid cryptocurrency trading market. OceanEX also plans to provide a variety of investment strategies for traders and investors on the platform. The crowdfunding was carried out in two stages. There was the whitelisting phase which required participants to at least commit 50,000 VET. There was then the VeChain community round which came soon after. Use of the OCE Token on the Platform The OCE Token has been outlined to be used in the following scenarios as soon as the Exchange is up and running. pay for fees of services such as: transaction fee, withdraw fee, listing fee, argo/fund deployment fee voting right in project listing pool invitation to OceanEx’s quality community events and meetups access to our market research center in OceanLab subscribe to and use our professional developed trading tools and investment products such as CryptoBento more to come in the future Sign Ups Now Open on OceanEX The OceanEX exchange website is currently live and running with willing users having the option of signing up before the Beta version of the platform goes live. The exact date of the launch of the Beta version has not yet been announced, but many VET fans believe it could be before the end of October. Once the user registers on the platform, the second step is to complete the KYC (Know Your Customer) verification. Of particular interest during the KYC, are the following documents: Passport or Government issued ID Proof of residence - this might include an utility bill, bank statement, current driver’s license or local authority tax bill The exchange also wishes to notify its users that the KYC procedure might take a while to complete due to the large number of whitelist subscribers. Possibilities of VET Prospering Once OceanEX Goes Live As earlier mentioned, OceanEX is a revolutionary cryptocurrency exchange within the VET ecosystem. This in turn means that it will be geared towards the trading of tokens created on the blockchain as well as the main digital asset of VET. The chances of VET being used as a base currency are very high, therefore it is only natural to connect the dots and assume demand for the digital asset will surely go up once the exchange is 100% functional. OCE is also a token to consider for it will most likely become a base currency on the platform in a manner similar to how Binance Coin (BNB) is the focal point of Binance. What are your thoughts on the OceanEX exchange? Will it make VET great in the markets? Please let us know in the comment section below. [Image courtesy of OceanEX.Pro] Disclaimer: This article is not meant to give financial advice. Any opinion herein is purely the author’s and does not represent the opinion of Ethereum World News or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you. The post Sign Ups Now Open on OceanEX, the Crypto Exchange Built for the VeChainThor (VET) Ecosystem appeared first on Ethereum World News.

23 days ago

Binance Coin (BNB) Might Take Tether (USDT)’s Spot

Chart for BNB/BTC (1D) Binance Coin (BNB) has attained a unique reputation as a Tether styled coin that continues to remain stable even as the market bleeds. This behavior on behalf of Binance Coin (BNB) was also observed during the past few minor corrections. The coin is down only 33% since its all time high, compared to 70% for Bitcoin (BTC) and 85% for Ripple (XRP). This shows that smart money believes in the long term prospects of the crypto markets, now more than ever. With the lack of confidence in Tether (USDT), Binance Coin (BNB) is all set to become the new favorite for parking money during bad times. Binance Coin (BNB) has traded well against Bitcoin (BTC) since February 2018. This further vindicates the fact that most investors believe that the correction is over for the most part and thus risk taking is starting to return to the market. Binance Coin (BNB) would not be surging upwards if investors feared that the market is due for another correction or were afraid to take risks with altcoins. Binance Coin (BNB) tokens are currently used on the popular Binance Exchange to pay exchange fees as well as to invest in ICOs that are offered on the platform. Chart for BNB/USD (1D) The cryptocurrency has currently broken out of a triangle and is trading sideways. It is pertinent to note that Binance has gained incredible support and recognition in the past few months and its future prospects look brighter than ever. This is why so many investors hold Binance Coin (BNB) as they believe the exchange will be around for a long time to offer one of the best services in the crypto markets. The recent Tether (USDT) sell off has created a stable coin crisis. Currently, there seems to be no cryptocurrency that is fully capable of surviving a crash. There is the DAI token, USD coin and similar other stable coins but it is hard to see why they may not end up the same as Tether (USDT). For long term believers in the cryptocurrency exchange, Binance, Binance Coin (BNB) offers them the opportunity to park their money without having to think about a stable coin losing peg with the US Dollar (USD). BNB/BTC pair recently broke out of a rising wedge but quickly climbed back into the wedge and continued trading higher. Currently, Binance Coin (BNB) is trading sideways and already resembles the behavior of a stable coin. It has traded aggressively against Bitcoin (BTC) over the last few months and seems to have found a new bullish channel after March 2018. The price last touched the bottom of the larger channel in late December 2017. It was followed by a rise to the top of the channel around late January 2018. Price movements in the cryptocurrency market can be quick and Binance Coin (BNB) might yet mark a new high for the year in the months ahead. However, for now it serves as an alternative to Tether (USDT), and a very good one. googletag.cmd.push(function() { googletag.display('div-gpt-ad-1538128067916-0'); }); The post Binance Coin (BNB) Might Take Tether (USDT)’s Spot appeared first on Crypto Daily™.

24 days ago

Binance Launches Trading Strategy Competition, 37,000 BNB Tokens to Be Won

The world’s largest cryptocurrency exchange Binance has started a new trading strategy competition which awards users who employ better trading strategies than their peers. The competition will run from October 18 to November 1. The exchange will be distributing 37,000 BNB tokens as prizes, which are worth over $358,000 at current prices. The exchange announced the competition via a blog post on Thursday. Rules of the Competition The cryptocurrency exchange suggests that there are no restrictions on the tokens that the users want to trade, buy or sell. Users can work with as many tokens as they want. The exchange also writes that: “You are free to select the cryptocurrencies you like to trade, buy, and sell, whether you trade one token or 50. We’re measuring for overall crypto wisdom here.” Binance further says that previous competitions on the platform focused on volume. However, in this competition, they intend to focus more on quality of trade, rather than the number of coins traded. The traders who participate in this competition will be ranked on the basis of the percentage of returns that they receive. The exchange further suggests: “Regardless if you trade one token or 50, your total returns will be appraised in comparison to your starting balance, all measured in Bitcoin (BTC). This way, we are leveling the playing field by looking at growth rates, not just the crypto added.” What Is at Stake? Binance will be giving away prizes to all traders during the competition in BNB tokens. During the promotion period, the top 50 traders on the leaderboard will be receiving 37,000 BNB tokens in prizes. The champion of the competition will win 8,000 BNB, 2nd place winner will get 4,000 BNB, and 3rd place winner will get 2,000 BNB. A total of 6,000 BNB will be split between the traders securing the 4th and 10th place. Every trader in these positions will get 857 BNB each. Another 7,000 BNB will be split evenly between 40 traders who rank from 11th to 50th. Therefore, each trader will receive 175 BNB. Other traders who participate in competition and trade at least 1 BTC worth of crypto during the time will be eligible for 50 BNB tokens. A total of 10,000 BNB will be distributed between 200 winners who win the lucky draw. The draw will be broadcasted live. Traders will also get 25 percent savings when they use Binance Coins to pay for trading fees. Users with at least 0.1 BTC worth of crypto holdings in their accounts will be eligible to participate in the competition. Binance Launches Trading Strategy Competition, 37,000 BNB Tokens to Be Won was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

24 days ago

Binance Successfully Completes Q5 BNB Token Burn; Market Price Remains Unbudged

The Changpeng Zhao-led crypto exchange behemoth Binance has completed its scheduled fifth BNB token burn - thus reducing the total supply of the Binance Coin (BNB) by 1.64 million. This was confirmed in a Medium post, published by Binance on October 17, 2018. Token Burn per White Paper Binance’s white paper talks about the scheduled token burns to ultimately bring...Read More. The post by Aisshwarya Tiwari appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News

25 days ago


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